FTX Prepares for Next Creditor Distribution
The bankrupt cryptocurrency exchange FTX has announced a new payment schedule for its creditors. According to information shared by Sunil, who is known for posting on behalf of FTX creditors, the company is preparing to make a new distribution of approximately $2.2 billion.
According to the shared schedule, the registration date for distribution is set as February 14, 2026. Payments are planned to be delivered to creditors on March 31, 2026. This distribution will be the newest payment installment made so far in the bankruptcy process.
History of FTX Creditor Payments
Looking back at previous payments, FTX first distributed approximately $454 million on February 18th for claims under $50,000. This was followed by a comprehensive payment of $5 billion on May 30th, covering both small and large-scale claims. The third distribution took place on September 30th, with a total of $1.6 billion allocated to both claim groups.
Sam Bankman-Fried's Claims Regarding FTX's Financial Status
In a separate development, a striking post was made from the long-dormant X account belonging to FTX founder Sam Bankman-Fried. In a 14-page document published by Bankman-Fried, it was claimed that FTX “never went bankrupt” and could have had a portfolio worth $136 billion today if legal proceedings hadn’t been initiated. However, lawyers and former creditors stated that this defense is a repetition of arguments already rejected by the courts in 2023 and 2024. They also pointed out that judicial investigations have revealed billions of dollars missing from customer funds.