TLDR
- FTX Recovery Trust plans to disburse $2.2 billion to creditors on March 31, 2026
- This marks the fourth distribution since the platform’s 2022 collapse, pushing cumulative payouts to approximately $10 billion
- Various creditor categories will receive additional payments ranging from 5% to 18%, with certain groups achieving full 100% recovery
- Many creditors argue they remain undercompensated because distributions are calculated using 2022 cryptocurrency valuations, not current market prices
- A fifth distribution round is planned for May 29, 2026
The FTX Recovery Trust continues advancing its repayment schedule to individuals who suffered losses following the cryptocurrency exchange’s dramatic collapse in November 2022.
The trust has announced a $2.2 billion disbursement scheduled for March 31, 2026. Qualifying creditors should expect to receive funds within one to three business days via designated payment processors BitGo, Kraken, or Payoneer.
This represents the fourth installment under FTX’s Chapter 11 bankruptcy reorganization plan. While all distributions are processed in US dollars, payment providers allow recipients to convert their funds into cryptocurrency if desired.
The distribution allocates varying percentages across different creditor classifications. Dotcom customer claims will see an 18% payment, whereas US customer claims receive 5%. General unsecured claims alongside digital asset loan claims will each get 15%. A special category termed “convenience claims” will achieve a cumulative 120% payout.
This upcoming distribution will enable multiple creditor groups to reach complete recovery. US customers classified under 5B, along with creditors in classes 6A and 6B, will attain 100% of their recognized claims.
The Controversy Over Valuation Methods
Although billions have been distributed, numerous creditors maintain they haven’t been properly compensated. The core issue stems from calculations based on cryptocurrency valuations from when the bankruptcy filing occurred in 2022.
During that period, Bitcoin was valued at approximately $16,871 while Ether traded around $1,258. Both digital assets have appreciated substantially since then, leaving crypto-holding creditors with significantly less value compared to current market worth.
“FTX creditors are not whole,” stated creditor representative Sunil Kavuri.
The initial distribution delivered $1.2 billion in February 2025. This was succeeded by a substantial $5 billion payment in May 2025 and another $1.6 billion distribution in September 2025. Following the March 31 payment, cumulative distributions will total around $10 billion.
The trust has confirmed a fifth distribution round for May 29, 2026. Additionally, preferred equity holders will receive their inaugural distributions on that same date, with April 30 designated as the record date. These stakeholders must fulfill ownership certification requirements, complete KYC verification, and submit tax documentation to qualify for payment.
The Current Status of Sam Bankman-Fried
FTX founder Sam Bankman-Fried was found guilty in 2023 on seven criminal counts including fraud and conspiracy, resulting in a 25-year prison sentence.
He has maintained activity on X through a proxy account, frequently sharing commentary on American political matters. Certain analysts suggest he may be attempting to secure a presidential pardon, although President Trump allegedly indicated in January that such clemency would not be granted.
As of March 19, 2026, Bankman-Fried remains incarcerated at Federal Correctional Institution Terminal Island located near Los Angeles. According to a recent court document filed by his mother, he is anticipated to be transferred to another facility in the coming weeks.
