Bankrupt cryptocurrency exchange FTX has announced a new payment schedule to creditors. According to information shared by Sunil, who is known for posting on behalf of FTX creditors, the company is preparing a new distribution of approximately $2.2 billion.
According to the shared schedule, the distribution registration date is set for February 14, 2026. Payment is expected to be made to creditors on March 31, 2026. This distribution is the latest installment to date in the bankruptcy proceeding.
Looking back at previous payments, FTX distributed approximately $454 million for the first time on February 18th for claims of less than $50,000. This was followed by a blanket payment of $5 billion for both small and large claims on May 30th. The third distribution was made on September 30, with a total of $1.6 billion allocated to both claim groups.
Meanwhile, a shocking post was made from the long-dormant X account owned by FTX founder Sam Bankman Fried. A 14-page document published by Bankman Freed claimed that FTX “never went bankrupt” and that it could now have a portfolio worth $136 billion had legal proceedings not been initiated. But lawyers and former creditors said the defense was a repeat of claims already rejected by the court in 2023 and 2024. It also pointed out that a judicial investigation revealed that billions of dollars in customer funds were missing.
*This is not investment advice.