The FTX Recovery Trust is set to distribute approximately $2.2 billion to creditors on March 31, marking the fourth payout under the exchange’s Chapter 11 restructuring plan.
The funds will be distributed to eligible claimants who have completed onboarding requirements, with payments processed through service providers including BitGo, Kraken, and Payoneer. Recipients are expected to receive funds within one to three business days.
This latest distribution follows earlier payouts totaling more than $6 billion since the collapse of the exchange in November 2022. The process aims to recover value for customers affected by one of the largest failures in the crypto industry.
Recovery rates have improved across several claim categories. Some US customer groups are expected to reach full recovery, while others may receive up to 120% of their claims. The estate also plans to begin distributions to preferred equity holders later this year, subject to verification and compliance requirements.
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