FTX is continuing to accelerate the process of repaying its creditors by announcing a fourth distribution totaling approximately $2.2 billion on March 31, 2026. This is XEM a significant milestone in the process of dealing with the aftermath of FTX 's devastating collapse that rocked the global crypto market in late 2022.
According to the latest information, the $2.2 billion will be transferred to approved creditors, including both "Convenience" and "Non-Convenience" groups, provided they have fully met the requirements before distribution. After the payment order is executed, recipients can receive the funds within 1 to 3 business days through their previously registered payment channels. This indicates that the process of handling FTX's assets is progressing relatively smoothly, especially considering the previous bankruptcy proceedings were considered extremely complex.
