FTX to Distribute $2.2 Billion to Creditors on March 31 in Fourth Repayment Round

FTX will distribute $2.2 billion to creditors on March 31 in its fourth repayment round, pushing several creditor classes toward or to full recovery. U.S. customer claims will reach 100% cumulative recovery, while general unsecured claims and digital asset loan claims also hit 100%, and Convenience Class creditors are set to receive 120% of their original claims. International customers with Dotcom claims will move to 96% cumulative recovery with an 18% distribution in this round, with payouts processed via BitGo, Kraken, and Payoneer within 13 business days. Preferred equity holders are expected to receive their first payment on May 29.