FTX Recovery Trust said it will distribute about $2.2 billion to creditors on March 31, 2026, marking the fourth payout round under the exchange’s Chapter 11 plan. Payments will be routed through BitGo, Kraken, and Payoneer.
The distribution covers eligible claimants in the Convenience and Non-Convenience classes. The trust said funds should arrive within one to three business days after required onboarding is completed. That process includes identity verification and tax documentation, and incomplete submissions may hold up individual payments.
All transfers will be made in U.S. dollars
According to the trust, all payouts in this round will be sent in U.S. dollars. The selected intermediaries may then provide options for withdrawal or conversion into digital assets. Creditors who chose a service provider also gave up direct cash payments from the estate, meaning access to funds must go through the platform they selected.
Recovery rates rise across multiple claim classes
The latest distribution lifts recovery percentages for several creditor groups. Class 5A Dotcom creditors will receive an additional 18%, bringing total recovery to 96%. Class 5B U.S. customers are set to reach 100% recovery.
Classes 6A and 6B will each receive another 15%, also taking cumulative recovery to 100%. Subordinated Class 7 claims will reach 120% cumulative recovery, exceeding original claim value under the estate’s distribution framework. The trust tied those results to ongoing asset recovery and monetization efforts.
Total repayments now exceed $6 billion
The March 31 distribution follows a $1.6 billion payout that began on September 30. Since FTX collapsed in November 2022, combined repayments have now moved past $6 billion.
The estate is still liquidating digital assets, venture investments, and other property linked to the group. In a separate timeline, the trust set April 30 as the record date for preferred equity holders, with payments for that group scheduled for May 29. Additional distribution dates will be announced as asset sales continue.
Former CEO Sam Bankman-Fried remains in prison following his fraud conviction.