FTX will start its fourth major creditor payout on March 31, sending about $2.2 billion to eligible customers and claimants through the FTX Recovery Trust. This round follows three earlier distributions and pushes total returned funds toward $10 billion. It is part of the exchange’s court‑approved Chapter 11 plan, which continues to unwind the failed platform more than three years after its collapse.
How the $2.2B FTX March Payout Works
The Fourth Distribution will go to creditors in both “Convenience” and “Non‑Convenience” classes who completed all pre‑distribution steps. Payments will begin on March 31, and most recipients are expected to receive funds within 1 to 3 business days. Money will arrive through one of three providers: BitGo, Kraken, or Payoneer, depending on which option each creditor selected during onboarding.
According to the FTX Recovery Trust, this tranche is worth about 2.2 billion dollars in total. All payouts are made in U.S. dollars based on the value of claims at the time of FTX’s November 2022 bankruptcy, not current crypto prices. Creditors can then decide whether to keep funds in fiat or convert them into digital assets on their chosen platforms.
Who Gets What in the Fourth Round
The plan sets clear percentages for each claim class in this distribution. Dotcom Customer Entitlement Claims in Class 5A will receive an extra 18 percent, bringing their total recovery so far to about 96 percent. U.S. Customer Entitlement Claims in Class 5B will receive a 5 percent payment, bringing them to a full 100 percent cumulative recovery.
General Unsecured Claims and Digital Asset Loan Claims in Classes 6A and 6B will each receive 15 percent in this round, bringing total recovery to 100 percent to date. Convenience Claims in Class 7, which cover smaller balances, stand at 120 percent recovery after earlier payouts, reflecting interest and extra compensation built into the plan. These numbers highlight how far the estate has come since first distributions began in early 2025.
The Fourth Distribution is not the final step in the FTX wind‑down. The Recovery Trust has already outlined future record and payment dates and plans a fifth distribution, currently scheduled for May 29. It has also set April 30 as the record date for preferred equity holders, who are due their first payments at the end of May.
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