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The bankrupt exchange FTX has announced the date for the next phase of creditor payments., 2026/03/19 11:21:07
The next phase of payments to creditors of the bankrupt cryptocurrency exchange FTX will commence on March 31. The total amount of the tranche will be $2.2 billion, as reported by representatives of the FTX Recovery Trust, which is responsible for the disbursements.
According to the trust’s announcement, creditors will be able to receive funds through one of the service providers: BitGo, Kraken, or Payoneer.
“Funds should be credited to accounts within one to three business days following the start date of distribution. Registering with a provider signifies a waiver of the right to receive payments directly from FTX liquidators,” the statement indicates.
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To obtain compensation, users must complete a process on the claims portal: log into their account, update tax information, and undergo identity verification (KYC).
A separate schedule has been established for holders of preferred shares. The shareholder registry will be finalized on April 30, with payments through a special trust fund scheduled for May 29. Verification of shareholder data has been ongoing since January.
The distribution timeline was confirmed by creditor representative Sunil Kavuri. He stated that the claims portal will be updated approximately 10 days prior to the start of payments—around March 21. This update will reflect the final parameters of the process and prepare the system for the distribution of funds.
Previously, FTX founder and former CEO Sam Bankman-Fried asserted the company’s solvency and attributed the responsibility for its bankruptcy to the law firm Sullivan & Cromwell.
