FTX and its Recovery Trust have announced that the fourth creditors’ distribution will begin on March 31, 2026, with roughly $2.2 billion earmarked for eligible claimants.
A quick recap of the recovery timeline: distributions under the plan kicked off in February 2025. The first round focused on Convenience Class claimants with claims under $50,000 and returned about $1.2 billion. The second distribution in May 2025 delivered the first major recoveries to larger and institutional creditors, with reported recovery ranges of roughly 54% to 72%. The third round, which began in September 2025, disbursed approximately $1.6 billion.
For this fourth distribution, creditors will receive funds via the distribution service provider they previously chose — BitGo, Kraken, or Payoneer — and should expect the payments to arrive one to three business days after the March 31 distribution date.
Allocation details follow FTX’s established “waterfall” priorities and show significant progress toward full recovery for many creditor classes:
- Allowed Class 5A (Dotcom Customer Entitlement Claims): incremental 18% distribution, bringing cumulative recovery to 96%.
- Allowed Class 5B (US Customer Entitlement Claims): 5% distribution, completing a 100% cumulative recovery.
- Allowed Class 6A (General Unsecured Claims) and 6B (Digital Asset Loan Claims): each receives a 15% distribution, bringing both to 100% cumulative recovery.
- Allowed Class 7 (Convenience Claims): cumulative distributions now total 120%.
Separately, consistent with the Plan and the Preferred Shareholder Agreement, FTX has set April 30, 2026 as the record date for a payment to preferred equity holders; that payment is scheduled for May 29, 2026.
On the markets, FTX’s native token FTT was trading around $0.28 at the time of reporting, down nearly 8% over the prior 24 hours, per CoinGecko.
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