Additional reporting by Turner Wright.
The FTX Recovery Trust said Wednesday it will send about $2.2 billion to eligible creditors and former customers on March 31, 2026. Payments will be delivered through claimants’ chosen distribution providers and are expected to post within one to three business days.
Under this fourth payout, allocations are set as follows: 18% for Dotcom Customer claims, 5% for U.S. Customer Entitlement claims, and 15% each for General Unsecured Claims and Digital Asset Loan Claims. Convenience claims are slated to receive a 120% reimbursement under the trust’s recovery plan.
With this installment, the trust will have returned roughly $10 billion to creditors and former customers. Earlier rounds began in February 2025 with $1.2 billion, followed by a $5 billion distribution in May 2025 and a $1.6 billion third round in September 2025. The trust has announced a fifth distribution planned for May 29, 2026.
Trust officials warned that markets could feel short-term effects if recipients choose to reinvest their recoveries into cryptocurrencies. Still, many creditors say the repayments fall short of full compensation because recoveries are calculated using crypto prices from the 2022 petition date — when Bitcoin traded near $16,871 and Ether around $1,258. Creditor advocate Sunil Kavuri said, “FTX creditors are not whole.”
The distributions arrive amid ongoing legal developments involving FTX founder Sam Bankman-Fried. Convicted in 2023 for misusing customer funds, Bankman-Fried was sentenced to 25 years and is pursuing appeals. He has posted to an X account via a proxy, at times praising U.S. President Donald Trump’s actions and regulatory positions, which sparked speculation about potential lobbying for a pardon; Trump reportedly said in January he would not consider one.
Bankman-Fried is incarcerated at the Federal Correctional Institution Terminal Island in Los Angeles. A court filing by his mother this week indicated he could be transferred “sometime in the next couple of weeks.”
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