- FTX will distribute $2.2B on March 31, with payments processed via BitGo, Kraken, and Payoneer.
- Several creditor classes will reach near or full recovery, with some exceeding 100% payouts.
- Total repayments now exceed $6B as the estate continues asset liquidation and distributions.
The FTX Recovery Trust will distribute about $2.2 billion to creditors on March 31, 2026. The payout marks the fourth round under its Chapter 11 plan. Eligible claimants in Convenience and Non-Convenience classes will receive funds through selected providers, following onboarding and verification requirements set by the estate.
Distribution Process and Payment Channels
The trust said funds will arrive within one to three business days. Payments will move through BitGo, Kraken, or Payoneer. However, customers who selected a provider waived direct cash payments from the estate. They must access funds through those platforms.
The trust confirmed all transfers will occur in U.S. dollars. These intermediaries will then offer withdrawal or conversion into digital assets. To proceed, creditors must complete onboarding, including identity checks and tax documentation. The trust warned incomplete steps may delay individual payments.
Recovery Rates Across Creditor Classes
This latest payout improves recovery levels across several claim groups. Notably, Class 5A Dotcom creditors will receive an additional 18%, reaching 96% total recovery. Meanwhile, U.S. customers in Class 5B will reach full recovery at 100%.
Classes 6A and 6B will also achieve 100%, each receiving a 15% increment. In addition, subordinated Class 7 claims will reach a cumulative 120% recovery. This exceeds the original claim value under the estate’s distribution structure. The trust said these outcomes reflect ongoing asset recovery and monetization efforts.
Timeline, Prior Payouts and Next Steps
The March 31 payout follows a $1.6 billion distribution that began on September 30. Combined repayments have now exceeded $6 billion since the exchange collapsed in November 2022.
The estate continues to liquidate digital assets, venture holdings, and other properties tied to the group. Meanwhile, former CEO Sam Bankman-Fried remains in prison after a fraud conviction.
Separately, the trust set April 30 as the record date for preferred equity holders. Payments for that group are scheduled for May 29. According to the trust, further timelines for additional distributions will follow as asset sales progress.
