FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward full or even excess repayment under the restructuring plan.
FTX Sets March 31 Timeline for $2.2 Billion Creditor Payout
Efforts to return funds to creditors are advancing as a bankrupt crypto exchange moves forward with another phase of repayments. FTX Trading Ltd. and the FTX Recovery Trust stated on March 18, 2026, that approximately $2.2 billion will be distributed starting March 31 to eligible claim holders.
Eligible participants in both convenience and non-convenience classes must complete pre-distribution requirements to receive funds through Bitgo, Kraken, or Payoneer. The announcement states:
“Eligible creditors should expect to receive funds from their selected distribution service provider within 1 to 3 business days from March 31, 2026.”
Distributions are sent by the estate to these providers in U.S. dollars, with recipients then choosing how to access or convert the funds based on available options. Bitgo and Kraken allow users to withdraw fiat or convert balances into digital assets or stablecoins and transfer them to external wallets, while Payoneer facilitates direct fiat transfers to local bank accounts, subject to minimum thresholds and regional requirements.
Allocation levels differ across claim categories based on priorities established in the Chapter 11 plan, with each class representing a distinct type of creditor claim. Class 5A covers dotcom customer entitlement claims tied to international platform users and will receive an incremental 18%, bringing cumulative recovery to 96%, while Class 5B includes U.S. customer entitlement claims, which will receive 5% to reach full repayment.
Classes 6A and 6B relate to non-customer obligations, including general unsecured claims and digital asset loan claims, and will each receive 15%, resulting in 100% cumulative recovery. Class 7 applies to smaller convenience claims, which are set to exceed full repayment with a cumulative recovery of 120%.
Eligibility conditions continue to govern participation in distributions, including Know Your Customer verification, submission of tax forms, and onboarding through the FTX Customer Portal with a designated provider. Customers must select a single distribution service provider, and that choice cannot be changed once onboarding is completed.
FTX Sets April 30 Deadline as Preferred Equity Targets May 29 Crypto Payouts
Separately, April 30, 2026, has been set as the record date for the first payments to preferred equity holders, which are scheduled to be made on May 29, 2026. These payments will be issued through the Preferred Shareholder Remission Fund Trust to holders who complete ownership certification, verification requirements, and tax submissions. The announcement notes:
“Payments will be made to holders who will have provided all required information, successfully verified their eligibility and be registered as holders of record on the FTX docket as of the April 30, 2026 record date.”
FAQ 🧭
- When will FTX begin distributing the $2.2 billion payout?
Distributions are scheduled to start on March 31, 2026, with funds arriving within days. - Which creditors are receiving full or excess recovery?
U.S. customers and certain non-customer claims reach 100%, while convenience claims hit 120%. - How are payments being delivered to creditors?
Funds are distributed through Bitgo, Kraken, or Payoneer after onboarding completion. - What is the timeline for preferred equity holder payouts?
Initial payments are set for May 29, 2026, following an April 30 record date.