The post FTX to Distribute $2.2B to Creditors in Fourth Payout on March 31 appeared first on Coinpedia Fintech News
Bankrupt crypto exchange FTX is set to distribute its fourth payout on March 31, 2026, distributing $2.2 billion to approved creditors. Multiple groups are nearing full recovery, with some reaching 100% repayment, while others still await final payments.
Meanwhile, the funds will be sent through trusted partners like BitGo, Kraken, and Payoneer.
FTX to Distribute $2.2B to Creditors on March 31
According to the latest update, FTX has confirmed that its fourth round of payouts will be sent to creditors in both Convenience and Non-Convenience classes who have completed all the required steps. Meanwhile, FTX will distribute $2.2 billion to approved creditors starting March 31.
Eligible users can expect to receive their funds within 1 to 3 business days, depending on the payout method they selected.
The payments will be handled through trusted distribution partners like BitGo, Kraken, and Payoneer, allowing the process to move in a smooth and phased way.
FTX’s collapse in November 2022 still stands as one of the biggest failures in crypto history. The exchange, once valued at over $30 billion, suddenly went bankrupt after a liquidity crisis revealed serious misuse of customer funds.
Several Creditors Near Full Recovery
The fourth distribution marks a major step in the recovery process, with multiple creditor groups reaching full repayment.
- U.S. customer entitlement claims will now receive a final 5% payout, which completes their full 100% recovery.
- General unsecured claims and digital asset loan claims will each get an additional 15%, helping them also reach a total recovery of 100%.
- Convenience claims, which mostly include smaller retail users, will receive even more. Their total payout will reach 120%, including interest.
However, not all creditors have been fully repaid yet. Dotcom customers will get an extra 18%, taking their total recovery to 96%, with some final payments still pending.
Next Payment Already Scheduled
FTX has also outlined the next phase of its distribution timeline.
- April 30, 2026, has been set as the record date for preferred equity holders
- Payments for this category are scheduled for May 29, 2026
This signals that the exchange is continuing to systematically resolve outstanding claims, step by step.
Security Warning Issued
Alongside the payout update, FTX has issued a strong warning to users.
Creditors are advised to stay alert for phishing emails and fake portals impersonating official FTX communication channels. The exchange emphasized that users should only rely on verified platforms while accessing their funds.
While most major creditor classes are now fully repaid, the process is still ongoing for others.
Source: https://coinpedia.org/news/ftx-to-distribute-2-2b-to-creditors-in-fourth-payout-on-march-31/