FTX schedules next creditor distribution as asset recovery continues
The estate administrators of defunct crypto exchange FTX have set the date for the next creditor payout while continuing efforts to recover additional funds through litigation.
The next round of distributions of recovered FTX assets will take place on March 31 and will cover creditors and claims recorded in the registry as of Feb. 14, 2026. As with previous payouts, funds will be distributed through official partners, including BitGo, Kraken and Payoneer, in accordance with FTX’s court-approved restructuring plan.
In a court filing, the FTX estate proposed reducing its disputed claims reserve by approximately $2.2 billion. If approved by the court, the move would free up additional funds for creditor distributions.
Capital in motion
FTX is also pursuing litigation to recover assets, including a $1 billion lawsuit against mining firm Genesis Digital Assets. Genesis is seeking to have the case dismissed, rejecting the claims and challenging the legal basis for pursuing the disputed assets.
The lawsuit is part of FTX’s broader asset recovery strategy, which includes not only identifying remaining assets but also challenging transfers that were allegedly made improperly prior to the exchange’s collapse.
According to CoinDesk, the combination of ongoing creditor payouts and continued clawback litigation shows that FTX’s post-collapse recovery process has evolved into something far more complex than simple repayments. While creditors are moving closer to receiving cash, the bankruptcy proceedings are also generating new conflicts and multibillion-dollar disputes that may ultimately determine how much creditors recover and which counterparties could be forced to return previously received funds.
As we wrote, SBF says FTX had $8B left, blames lawyers for bankruptcy chaos
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