Watch Out, A Development That Could Impact the Market: The Date for FTX’s Billion-Dollar Payment to Creditors Has Been Set
FTX is entering a new phase in its repayment process for its creditors. According to a statement from the FTX Recovery Trust, the company will 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 in accordance with the company’s Chapter 11 restructuring plan. Eligible creditors must meet the necessary prerequisites. Payments are expected to be credited to accounts within 1 to 3 business days via BitGo, Kraken, or Payoneer, depending on the chosen distribution provider.
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The statement indicated that this fourth distribution would be made to different creditor classes under the plan, according to a predetermined priority order. Accordingly, Dotcom customer receivables will reach a total repayment rate of 96% with an additional 18% payment. US customer receivables will be fully (100%) covered with a new 5% distribution. General unsecured receivables and digital asset loan receivables will also reach 100% coverage with a 15% payment. For Convenience class creditors, the total repayment rate will increase to 120%.
FTX also announced the payment schedule for preferred shareholders. Accordingly, April 30, 2026, has been set as the registration date, while payments to this group are planned to be made on May 29, 2026.
*This is not investment advice.
Continue Reading: Watch Out, A Development That Could Impact the Market: The Date for FTX’s Billion-Dollar Payment to Creditors Has Been Set
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