Cryptocurrency exchange FTX is entering a new phase of creditor payouts. The FTX Recovery Trust announced that the company will initiate its fourth round of payouts, totaling approximately $2.2 billion, on March 31, 2026.
According to a joint statement released by FTX Trading Ltd. and the FTX Recovery Trust, these payouts will adhere to the provisions of the company's Chapter 11 restructuring plan. All eligible creditors must meet the relevant prerequisites. Funds are expected to be disbursed through distribution channels such as BitGo, Kraken, or Payoneer, arriving within 1 to 3 business days, depending on the distribution service provider chosen by the creditor.
This announcement indicates that the fourth round of payouts will be allocated to different creditor classes according to a predetermined priority order. Specifically, Dotcom customer claims will achieve a total recovery rate of 96% after an additional 18% payment. US customer claims will receive 100% full recovery after this 5% distribution. General unsecured claims and digital asset loan claims will also reach 100% coverage through a 15% payment. For convenience class creditors, the total recovery rate will be increased to 120%.
Furthermore, FTX has also released a payout schedule for preferred shareholders. April 30, 2026, has been designated as the record date for equity, with payouts for this group planned for May 29, 2026.