FTX Recovery Trust Distributes $2.2 Billion in Latest Payout Effort

FTX's recovery trust is moving forward with its plan to distribute assets to creditors and former customers. As part of this effort, a new payment round will take place on March 31, 2026, where $2.2 billion will be sent to eligible claimants. This distribution will bring the total amount returned since February 2025 to approximately $10 billion.

The payout includes various claim classes, with 18% going to Dotcom Customer Entitlement Claims, 5% to U.S. Customer Entitlement Claims, and 15% each for General Unsecured Claims and Digital Asset Loan Claims. Convenience Claims are set to receive a cumulative reimbursement of 120%. Creditors can expect their funds to be transferred through BitGo, Kraken, or Payoneer within one to three business days.

Despite this significant progress, creditors remain concerned about the recovery structure. They argue that reimbursements are based on crypto values from the 2022 petition date, which does not account for later market price fluctuations. This has led to some former customers receiving less than their assets would be worth in today's market.

The ongoing distribution process is being closely watched by traders, who speculate about potential market impacts if recipients rotate part of their funds back into digital assets. Meanwhile, Sam Bankman-Fried continues his appeal efforts from prison, focusing on challenging his conviction as the bankruptcy estate proceeds with returning funds to creditors.