Additional reporting by Turner Wright.
The FTX Recovery Trust, which manages distributions to creditors and former customers of the collapsed crypto exchange, said Wednesday it will distribute approximately $2.2 billion on March 31, 2026.
Eligible creditors will receive payments through their selected distribution provider within one to three business days, the trust said. The fourth distribution allocates 18% to Dotcom Customer claims, 5% to US Customer Entitlement Claims, and 15% to both General Unsecured Claims and Digital Asset Loan Claims. Convenience claims are slated to receive a 120% reimbursement under the recovery plan.
After this round, roughly $10 billion will have been returned to creditors and former customers. The trust has scheduled a fifth distribution for May 29, 2026.
Markets could see short-term effects if recipients choose to reinvest recovered funds into digital assets. The payouts follow earlier distributions that began in February 2025 with $1.2 billion, a $5 billion distribution in May 2025, and a $1.6 billion third round in September 2025.
Despite the large sums returned, many creditors say the recovery leaves them short. Reimbursements are calculated using crypto asset values as of the 2022 petition date, when Bitcoin traded near $16,871 and Ether around $1,258. “FTX creditors are not whole,” creditor advocate Sunil Kavuri said in response to the plan.
The latest distributions come amid ongoing legal developments involving FTX’s founder, Sam “SBF” Bankman-Fried. Convicted in 2023 and sentenced to 25 years for misusing customer funds, Bankman-Fried has pursued appeals and has posted to an X account via a proxy. His posts have at times praised U.S. President Donald Trump’s actions and regulatory stance, prompting speculation about lobbying for a pardon—though Trump reportedly said in January he would not consider one.
Bankman-Fried is currently held at the Federal Correctional Institution Terminal Island in Los Angeles. A court filing by his mother on Monday claimed he could be relocated “sometime in the next couple of weeks.”
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