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FTX Announces Payment Schedule for Creditors
FTX, along with its Recovery Trust, has earmarked March 31, 2026, as the commencement date for the fourth tranche of distributions to its creditors. This round is expected to disburse approximately $2.2 billion to those who qualify for repayments.
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Detailed Timeline of FTX Payments
The distribution plan initiated in February 2025, starting with the first phase aimed at Convenience Class claimants with claims below $50,000, resulting in an outflow of about $1.2 billion. The second phase took place in May 2025, marking significant distributions to larger and institutional creditors, with recovery rates ranging between 54% and 72%. By September 2025, the third wave of payments was distributed, totaling around $1.6 billion to creditors.
For the upcoming fourth distribution, eligible creditors can expect to receive their funds via their selected service provider—be it BitGo, Kraken, or Payoneer—within one to three business days post the designated distribution date.
In addition, adhering to the Plan and the Preferred Shareholder Agreement, FTX has designated April 30, 2026, as the record date for a payout to preferred equity holders, which is scheduled to occur on May 29, 2026.
Achieving Full Recovery for US Customers
The allocation for the fourth distribution adheres to FTX’s prioritized waterfall structure. According to these priorities, Allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 18% distribution, boosting their total recovery to 96% thus far.
Allowed Class 5B US Customer Entitlement Claims are anticipated to receive a 5% distribution, culminating in a full 100% recovery. Similarly, both Allowed Class 6A General Unsecured Claims and 6B Digital Asset Loan Claims will see 15% distributions, achieving a complete 100% recovery. Meanwhile, Allowed Class 7 Convenience Claims will enjoy a total distribution of 120% cumulatively.
The daily trading chart indicates a decline in the price of FTX’s native token, FTT, falling below $0.30. At the time of reporting, FTT was trading at $0.28, reflecting an 8% decrease over the past 24 hours, as per CoinGecko’s data.
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