FTX is entering a new stage in the process of repaying its creditors. According to a statement from FTX Recovery Trust, the company plans to make a fourth payment of approximately $2.2 billion on March 31, 2026.
According to a press release issued by FTX Trading Ltd and FTX Recovery Trust, these payments will be made pursuant to the company’s Chapter 11 Reorganization Plan. Eligible creditors must meet the necessary prerequisites. Payments are expected to be credited to your account within 1-3 business days via BitGo, Kraken, or Payoneer, depending on the delivery provider you choose.
The statement indicated that this fourth distribution will be made to various creditor classes on a planned basis, according to predetermined priorities. Therefore, the dotcom customer’s receivables reach a total repayment rate of 96% with the additional 18% payment. US customer receivables will be fully covered (100%) with a new 5% allocation. General unsecured debt and digital asset loan debt will also reach 100% coverage with a 15% payment. For convenience class creditors, the total repayment rate increases to 120%.
FTX also announced a payment schedule for preferred stockholders. This will result in a registration date of 30 April 2026 and payment to the Group is expected to be made on 29 May 2026.
*This is not investment advice.
