U.S. Customers Reach 100% Recovery in $2.2B Payout
FTX's estate will distribute approximately $2.2 billion to creditors on March 31, 2026, a milestone that brings several creditor classes to full recovery. This fourth payout marks the largest distribution to date in the exchange's Chapter 11 reorganization. Following this disbursement, U.S. customer claims (Class 5B) will receive an incremental 5% to reach 100% cumulative recovery. Similarly, general unsecured claims (Class 6A) and digital asset loan claims (Class 6B) will each receive a 15% distribution, also hitting the 100% recovery mark. International "Dotcom" customers (Class 5A) will see their cumulative recovery rise to 96%, while convenience claims (Class 7) will receive a cumulative 120% distribution. Funds will be processed by distribution partners BitGo, Kraken, and Payoneer.
Preferred Equity Holders to Receive First Payout on May 29
With creditor repayments nearing completion for several key groups, the FTX Recovery Trust is now turning its attention to equity holders. The estate has scheduled the first payment date for eligible preferred equity holders for May 29, 2026. To qualify for this initial distribution from the Preferred Shareholder Remission Fund Trust, stakeholders must be registered as holders of record by the April 30, 2026 cutoff date. Eligibility requires completing Know Your Customer (KYC) verification, submitting required tax forms, and providing an executed ownership certification. This step signals the final stages of the complex bankruptcy process, moving beyond repaying customers and creditors to addressing stakeholders with equity interests.
