Important Information Overview
This distribution targets multiple categories of creditors, each with different recovery levels. U.S. customers (Class 5B) are expected to achieve a full recovery of 100% after an additional 5% payment, while Dotcom customers (Class 5A) will receive an additional 18%, ultimately reaching 96%. General unsecured creditors and digital asset loan holders will also achieve a 100% recovery through a 15% supplemental payment. Convenience creditors—those with smaller claims—will even exceed their original claim value, with total payments reaching 120%.
Funds are expected to clear within one to three business days after March 31. The distribution will be conducted through three approved service providers: BitGo, Kraken, and Payoneer. All initial payments will be denominated in USD, although some platforms will later allow recipients to choose to convert to cryptocurrency or stablecoins.
How to Claim Your Distribution
Eligibility is not automatically granted. Three conditions must be met before the record date of February 14, 2026:
- Creditors who do not submit a claim before the deadline will not be eligible for this distribution.
Selecting Your Service Provider and Its Importance
The claims process is conducted through the FTX customer portal, where creditors need to choose one of the three approved DSPs: BitGo, Kraken, or Payoneer. This decision is permanent, and once registered, service providers cannot be changed. Choosing a DSP means waiving the right to receive cash payments directly from FTX assets.
BitGo and Kraken
Next Steps
Shareholders must submit proof of ownership, complete KYC, and appear in FTX's official records by April 30 to qualify.
South Korea is testing the digital won on a large scale, while the central bank aims for AI-based payment methods by 2026.
Not everyone views this recovery positively. Creditor advocate Sunil Kavuri publicly stated that the 100% recovery rate is misleading—this figure is based on the request date value at the end of 2022, when Bitcoin was trading at around $16,871. Those who held cryptocurrency at the time of the FTX collapse missed out on subsequent market gains. Whether this $2.2 billion injection will stimulate broader activity in the crypto market or simply be absorbed without effect remains an open question that analysts have yet to agree upon.
SBF's Motion for Reconsideration Faces Obstacles
The motion includes three main claims. First, SBF argues that former FTX executives Daniel Chapsky and Ryan Salame could provide new corroborative testimony. The prosecution dismissed this, noting that both individuals were known to the defense well before the 2023 trial and failed to meet the legal standard for newly discovered evidence. Second, SBF insists that additional testimony would demonstrate FTX's solvency. The government responded with a clear rebuttal: at the time of the collapse, FTX held only 105 Bitcoins, while customer claims approached 100,000. Finally, SBF claims that his prosecution is politically motivated, accusing the Department of Justice of “weaponization”—the prosecution stated that this claim is baseless, pointing out that he is one of the largest supporters of the Democratic Party.