FTX announced it will initiate its fourth round of creditor payments on March 31, 2026, with an expected total distribution of around $2.2 billion as part of its restructuring initiative.
Creditors who fulfill all eligibility requirements can anticipate receiving their funds shortly through specified providers such as BitGo, Kraken, or Payoneer. Additionally, FTX confirmed that the record date for preferred equity holders will be April 30, 2026, with initial payments slated to begin on May 29, 2026.
#What Can Creditors Expect from the Distribution?
The distribution plan includes several key payouts. Dotcom customer claims will receive an 18% distribution, raising their total recovery to 96%. Meanwhile, US customer claims will receive a 5% payout, enabling them to achieve full repayment.
For general unsecured claims and claims related to digital asset loans, the distribution will total 15% each, again allowing both categories to reach 100% recovery. Furthermore, convenience claims will see an impressive recovery rate of 120%.
#How Can Creditors Ensure Eligibility for Future Payments?
To maintain eligibility for future distributions, creditors are required to complete verification procedures. Additionally, preferred equity holders must provide ownership certification, complete KYC processes, and submit tax forms before the record date to qualify for payment.