FTX's Bankruptcy Tour Hits the Final Encore: A $2.2B 'Proof-of-Payment' Round for the Bag Holders

The FTX Recovery Trust has officially scheduled the fourth act of its creditor payout saga for March 31, 2026, with a distribution of roughly $2.2 billion. Consider this the "encore" of the Chapter 11 restructuring tour, where the band finally starts playing the hits everyone paid to hear.

Eligible creditors can expect their funds to land in their digital laps within 1 to 3 business days, courtesy of their chosen middleman: BitGo, Kraken, or Payoneer. The payments will follow a strict, pre-written setlist, honoring the priority order for different classes of creditors who've been waiting in the virtual line.

For the Dotcom customer claim holders, an extra 18% payment is inbound, pushing their total recovery rate to a tantalizing 96%—close enough to taste, but still leaving a hint of that classic exchange-failure aftertaste. US customers will finally hit the promised land of 100% coverage with a fresh 5% top-up, while general unsecured and digital asset loan claims also reach full recovery with a 15% payment. It's a veritable buffet of make-whole percentages.

In a plot twist worthy of a degen fanfic, the Convenience class creditors are set to see their total repayment rate soar to a juicy 120%. Meanwhile, FTX has also dropped the schedule for preferred shareholders, marking April 30, 2026, as registration day, with the actual payout planned for May 29, 2026. The paperwork marathon continues.

Before anyone can touch this digital manna, creditors must jump through the final bureaucratic hoops. This includes completing all onboarding steps via the FTX claims portal, from KYC verification to tax documentation—because even in a wind-down, the taxman cometh. Choosing a distribution provider essentially means your funds will take a scenic route through that particular intermediary's ledger.

This distribution represents another measured step in the long, winding road to closure, bringing several creditor classes to either full recovery or tantalizingly close to it. The calculations, of course, are all based on the asset values frozen in time at the moment of the November 2022 bankruptcy filing—a snapshot of a much less fun era.