FTX to Send Another $2.2 Billion to Creditors in March

FTX Recovery Trust will send another $2.2 billion to creditors and former customers on March 31, adding fresh momentum to one of the largest recovery processes in crypto. The fourth payout round will lift total distributions to about $10 billion since repayments began in February 2025.

Good to Know

• FTX said the fourth distribution will begin on March 31, 2026.
• Eligible creditors should receive funds through BitGo, Kraken, or Payoneer within one to three business days.
• A fifth payment round is scheduled for May 29, 2026, for preferred equity holders.

FTX Pushes Another Large Payout to Creditors

The next FTX distribution covers several claim classes and keeps the recovery plan moving at a fast clip. According to the Trust, the March 31 payment includes an 18% distribution for Dotcom Customer Entitlement Claims, 5% for U.S. Customer Entitlement Claims, and 15% for both General Unsecured Claims and Digital Asset Loan Claims. Convenience Claims are set to receive a cumulative 120% reimbursement under the plan.

For creditors still tracking the details, here is what is in the distribution update:

• Total fourth-round payout of about $2.2 billion.
• March 31, 2026 as the payment date for eligible allowed claims.
• One to three business days for funds to land through the chosen provider.
• May 29, 2026 scheduled as the next payment date for preferred equity holders.

FTX first flagged the March timing back in January, when it said the next distribution would follow a February 14 record date for holders of allowed claims and interests. At the same time, the estate said a proposed $2.2 billion reduction in the disputed claims reserve would help free up more cash for the payout round.

That matters because the recovery totals are now getting close to a level few expected in late 2022. FTX says about $10 billion will have been returned after the fourth round, following earlier distributions that began in February 2025.

Creditors Still Say the Plan Falls Short

Even with billions going back out, many creditors remain unhappy with the structure of the recovery. A core complaint has not changed: reimbursements are based on crypto values from the 2022 petition date rather than later market prices. That means some former customers are getting cash back well below what their digital assets would be worth after the crypto market recovery.

That dispute continues to shape how the payout story is being received. The estate has recovered a large amount of value, but some creditors argue they are still far from fully restored in economic terms, especially if they held assets that rose sharply after the collapse.

Another point traders are watching is where the money goes next. A $2.2 billion distribution landing over a short period could have some effect on crypto markets if recipients rotate part of those funds back into Bitcoin, Ethereum, or other digital assets. That is not guaranteed, but it remains one of the more closely watched side effects of the FTX repayment process.

The March payment also arrives while Sam Bankman-Fried keeps pursuing appeal efforts from prison. Separate reporting from March shows he remains focused on challenging his conviction as the bankruptcy estate continues returning funds to creditors