$2.2B Payout Unlocked for FTX Creditors Amid Recovery Progress

The FTX Recovery Trust announced plans to distribute approximately $2.2 billion to creditors on March 31, marking its fourth payout since the exchange's collapse in November 2022.

The funds were unlocked after a court-approved reduction of the disputed claims reserve, which shrank from $4.6 billion to $2.4 billion.

Creditors will receive their payments in cash at 2022 petition-date values, not at current cryptocurrency prices.

Distributions will be processed through BitGo, Kraken, and Payoneer, with eligible creditors expected to receive funds within one to three business days of the March 31 start date.