FTX Recovery Trust to Distribute $2.2 Billion to Creditors on March 31

News Flash 2026-03-20 02:16

The FTX Recovery Trust is set to distribute $2.2 billion to creditors on March 31, marking the fourth round of payments under its Chapter 11 plan. Payments will be processed through BitGo, Kraken, and Payoneer, with funds expected to arrive within one to three business days. Eligible claimants in the Convenience and Non-Convenience classes must complete onboarding and verification to receive their funds, which will be transferred in U.S. dollars and can be converted into digital assets. This distribution will improve recovery rates across several creditor classes. Class 5A Dotcom creditors will receive an additional 18%, reaching a 96% total recovery, while U.S. customers in Class 5B will achieve full recovery at 100%. Classes 6A and 6B will also reach 100% recovery, each receiving a 15% increment. Subordinated Class 7 claims will exceed original claim values with a 120% recovery. Total repayments have now surpassed $6 billion since FTX's collapse in November 2022. The March 31 payout follows a $1.6 billion distribution that began on September 30. The estate continues to liquidate assets, with further distributions planned as sales progress. Former CEO Sam Bankman-Fried remains in prison following a fraud conviction, and the trust has set April 30 as the record date for preferred equity holders, with payments scheduled for May 29.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.