TLDR
- FTX Recovery Trust will distribute $2.2 billion to creditors on March 31, 2026
- This is the fourth payout since the exchange collapsed in 2022, bringing total paid to around $10 billion
- Different creditor classes will receive between 5% and 18% additional payments, with some reaching 100% recovery
- Creditors say they are still short-changed because payments are based on 2022 crypto prices, not today’s values
- The fifth distribution is scheduled for May 29, 2026
The FTX Recovery Trust is moving forward with another round of payments to the people who lost money when the crypto exchange collapsed in November 2022.
💥BREAKING:
FTX just announced its fourth distribution of $2.2 billion to creditors on March 31st.
Money to flow back in Crypto 🚀 pic.twitter.com/8kLdi2887H
— Crypto Rover (@cryptorover) March 18, 2026
The trust confirmed it will send out $2.2 billion on March 31, 2026. Funds will reach eligible creditors within one to three business days through payment providers BitGo, Kraken, or Payoneer.
This is the fourth distribution under FTX’s Chapter 11 bankruptcy plan. All payments are made in US dollars, though providers give recipients the option to convert funds into digital assets.
Different groups of creditors will receive different amounts in this round. Dotcom customer claims will get an 18% payout, while US customer claims will get 5%. General unsecured claims and digital asset loan claims will each receive 15%. A group called “convenience claims” will receive a total cumulative payout of 120%.
With this round, several creditor classes will hit full recovery. US customers in class 5B, as well as those in classes 6A and 6B, will reach 100% of their allowed claims.
Why Some Creditors Feel Short-Changed
Despite billions being paid out, many creditors say they have not been made whole. The reason is that payouts are calculated based on crypto prices at the time the bankruptcy petition was filed in 2022.
At that point, Bitcoin was trading at around $16,871 and Ether was around $1,258. Both assets are worth far more today, meaning creditors who held crypto are receiving significantly less value than what their assets would now be worth.
FTX Bankruptcy recovery rates in real crypto terms
FTX creditors are not whole
9% to 46%: Real crypto terms recovery but probably in reality lower as crypto prices higher when 143% paid
Also seen on CT some:
1) Protect known scammers/liars/fraudsters
2) Attack those helping… pic.twitter.com/pUcjIPFsnv— Sunil (FTX Creditor Champion) (@sunil_trades) November 2, 2025
“FTX creditors are not whole,” said creditor advocate Sunil Kavuri.
The first distribution was $1.2 billion in February 2025. That was followed by a $5 billion payment in May 2025 and a $1.6 billion round in September 2025. The total paid out will reach approximately $10 billion after March 31.
The fifth round of distributions is set for May 29, 2026. The trust has also announced that preferred equity holders will receive their first distributions on the same date, with April 30 set as the record date. Those holders must complete ownership certification, KYC verification, and tax documentation to qualify.
Where Sam Bankman-Fried Stands Now
FTX founder Sam Bankman-Fried was convicted in 2023 on seven counts of fraud and conspiracy and sentenced to 25 years in prison.
He has been posting on X using a proxy account, often commenting on US political topics. Some observers believe he is attempting to lobby for a presidential pardon, though President Trump reportedly said in January that he would not consider it.
As of March 19, 2026, Bankman-Fried is held at Federal Correctional Institution Terminal Island near Los Angeles. A court filing from his mother this week stated he is expected to be relocated within the coming weeks.
