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FTX Liquidation Trust to Distribute About $2.2 Billion in Fourth Payout

FTX Liquidation Trust to Distribute About $2.2 Billion in Fourth Payout

According to FTX’s official statement, the fourth creditor distribution begins March 31 with about $2.2 billion to be sent through BitGo, Kraken, and Payoneer, while small creditors have recovered a cumulative 120%.

Fact Check
The claim is directly supported by an official press release from the FTX Recovery Trust (via PR Newswire) and corroborated by the primary creditor representative, Sunil. The $2.2 billion figure is consistent with recent filings to reduce disputed reserves to fund this specific payout round.
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Summary

FTX said in an official statement that it will begin its fourth creditor distribution on March 31 under Chapter 11, paying about $2.2 billion. The exchange said distributions will be made within three business days through BitGo, Kraken, and Payoneer. It also stated that small creditors have recovered a cumulative 120%. The update adds payment channels and a recovery figure for smaller claimants to the ongoing bankruptcy repayment process.

Terms & Concepts
  • Chapter 11: A U.S. bankruptcy process that allows a company to reorganize or wind down operations under court supervision while distributing assets to claimants.
  • Creditors: Individuals or entities owed money by a bankrupt company and eligible to receive repayments under an approved claims process.