TLDR
- FTX will begin its fourth creditor payout on March 31 with about $2.2 billion.
- US customer entitlement claims will receive 5%, bringing cumulative recovery to 100%.
- General unsecured and digital asset loan claims will get 15%, reaching 100% cumulative recovery.
- Preferred equity holders must meet the April 30 record date for first payments on May 29.
FTX will start distributing about $2.2 billion to creditors on March 31, 2026. The fourth payout from the FTX Recovery Trust moves several claim classes near full recovery. The plan was announced on Wednesday by the trust overseeing recovered assets and creditor payments.
These payments follow earlier rounds under the court-approved bankruptcy process. As of this round, some creditor groups will reach 100% cumulative payouts.
Payments will be sent through BitGo, Kraken, and Payoneer. Eligible claimants should receive funds within one to three business days. The timeline applies after each claimant completes all required account steps.
The trust said onboarding, identity checks, and tax forms remain mandatory. The trust said incomplete records can hold up any transfer. Those steps also apply to future distributions under the plan.
Fourth payout set for March 31
The March 31 distribution is the fourth major payout since the estate began returning assets. It covers eligible creditor classes that have cleared the required review process. The trust will send funds only after account details are verified. That includes payment preferences and completed tax documentation. Any missing item can delay a payout.
The trust named BitGo, Kraken, and Payoneer as distribution partners. Those firms will process transfers based on each approved claim. The trust said most payments should arrive within three business days. Some transfers may land sooner, depending on the payment partner. Creditors still missing onboarding steps must finish them before later rounds.
The payout schedule gives creditors a clear transfer window and a named payment route. It also lets approved claim holders track recovery by category. The trust has kept the class-based format used in earlier rounds. That format ties each payment to an approved claim type. It also sets out the next steps for unpaid holders.
Recovery levels rise across key claim classes
US customer entitlement claims will receive an added 5% distribution. That payment takes their cumulative recovery to 100%. General unsecured claims will also receive 15% in this round. Digital asset loan claims will receive the same 15% distribution. Both groups will also reach 100% cumulative recovery.
International customers with Dotcom customer entitlement claims will receive an added 18% distribution. That raises their cumulative recovery to 96%. The recovery level remains below the US customer class after this payout. The gap reflects the schedule set in the approved plan. The trust has not changed the March 31 payment date.
Convenience class claimants are set to reach 120% cumulative recovery. That class continues to stand apart from other creditor groups. The percentages listed for each class are cumulative, not standalone totals. They show how much approved value each group has recovered so far. The March 31 round closes the remaining gap for several categories.
Equity holders face April 30 deadline
The trust also set April 30 as the record date for preferred equity holders. Those holders must confirm ownership before that deadline. They must also complete onboarding, identity checks, and tax requirements. The trust scheduled their first payments for May 29. Only eligible holders on record by April 30 can take part.
FTX continues to process claims while it returns recovered value to creditors and equity holders. This payout is one of the largest distributions since the exchange failed in 2022. It also gives creditors a clear date for the next transfer
The update also gives a clearer timetable for remaining approved claims. For many claim classes, the end of the repayment process is now closer. The focus remains on verified claims and scheduled distributions.
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