FTX Sends $2.2B to Creditors as Collapse Repayment Continues

FTX has announced that it will 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.

Distributions will be made in cash at 2022 petition-date values, not current cryptocurrency prices.

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