FTX Recovery Trust Sets March 31 for $2.2 Billion Fourth Distribution to Creditors

TLDR:

• FTX Recovery Trust will distribute approximately $2.2 billion to eligible creditors starting March 31, 2026.
• Class 5B U.S. customers and Classes 6A and 6B creditors each reach a full 100% cumulative payout this round.
• Preferred Equity Holders must complete KYC and tax forms by April 30 to receive their May 29 payment.
• Creditors must onboard with BitGo, Kraken, or Payoneer and finish KYC before each record date to qualify.

FTX distribution activity is moving forward as the FTX Recovery Trust confirmed a fourth round of payments totaling approximately $2.2 billion.

The announcement covers eligible creditors holding allowed claims across the Plan’s Convenience and Non-Convenience Classes.

To qualify, recipients must have completed all pre-distribution requirements beforehand. Funds are expected to reach eligible creditors within one to three business days from March 31, 2026.

Fourth Distribution Details and Claim Class Breakdowns

The fourth distribution covers several claim classes under FTX’s Chapter 11 Plan of Reorganization. Class 5A Dotcom Customer Entitlement Claims will receive an incremental 18% distribution. This brings their cumulative total to 96% of allowed claims distributed to date.

Class 5B U.S. Customer Entitlement Claims will receive a 5% distribution this round. That brings their cumulative payout to a full 100%.

Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each also reach 100% cumulative total with this cycle.

Class 7 Convenience Claims will receive a cumulative 120% distribution in this round. Actual distribution percentages may differ slightly due to rounding, per the trust’s announcement. Additional per-class details will be filed shortly after the March 31 date.

Payments will flow through one of three Distribution Service Providers: BitGo, Kraken, or Payoneer. Creditors who onboarded with a provider have irrevocably directed FTX to pay through that channel. Any questions on fund availability should be directed to the selected provider’s customer support.

To qualify for future distributions, creditors must log in at claims.ftx.com, complete KYC verification, and submit required tax forms.

Onboarding with a Distribution Service Provider must also be done before each record date. Transferred claims will only be paid once properly reflected on the official claims register after the 21-day notice period.

Preferred Equity Holder Payments Scheduled for May 2026

Beyond the current round, FTX also announced a separate payment timeline for Preferred Equity Holders. An April 30, 2026 record date has been formally set for these holders.

Payments are scheduled to go out on May 29, 2026, consistent with the Preferred Shareholder Agreement and the Plan.

These payments will be made from the Preferred Shareholder Remission Fund Trust, known as the PSRT. To receive a payment on May 29, eligible holders must complete required steps by April 30.

Those steps include submitting an ownership certification, completing KYC verification, and filing required tax forms.

Outreach to Preferred Equity Holders began in January 2026, the trust confirmed. Those who believe they qualify but have not yet been contacted can visit the designated FTX link. FTX has stated it will provide further instructions on payment methods and timelines going forward.

The trust also issued a phishing advisory reminding creditors to use only the official portal at claims.ftx.com. FTX stated it will never ask users to connect their wallets under any circumstances. Creditors should report suspicious emails or sites that appear to impersonate FTX.

The FTX Recovery Trust is represented by Sullivan & Cromwell LLP as legal counsel. Alvarez & Marsal North America serves as financial advisor, alongside Quinn Emanuel Urquhart & Sullivan and Landis Rath & Cobb LLP as special and Delaware counsel.

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