FTX Recovery Trust to Distribute $2.2B on March 31, 2026 as Valuation Debate Returns

The FTX Recovery Trust will distribute about $2.2 billion to approved creditors on March 31, 2026. Payments are expected to arrive within 1–3 business days, processed via BitGo, Kraken, or Payoneer. This is the next step as the FTX estate winds down after its 2022 collapse. A fresh round of scrutiny is targeting the FTX Recovery Trust’s distribution valuation method. Some creditors argue payouts are priced off crypto levels from November 2022 (the bankruptcy filing period), not current market prices—potentially leading to undercompensation for BTC and ETH claimants. Recovery rates vary by class and customer bucket. Dotcom customers are projected to receive 18%, US customers 5%, while certain general unsecured/digital asset loan holders are slated for 15%. After this round, some US classes (5B, 6A, 6B) are expected to reach full recovery. Preferred equity stakeholders face a later May 2026 process after April 30 certification/KYC and tax documentation. For traders, the FTX Recovery Trust $2.2B tranche could influence near-term selling expectations, but the impact on BTC and ETH is likely limited because distributions are gradual and class-based rather than a single market dump.