FTX Sets March Payout Date as It Seeks Court Approval to Release $2.2bn for Creditors

In a statement on PR Newswire, FTX Trading Ltd. and the FTX Recovery Trust said Feb. 14 has been set as the record date for the upcoming distribution. Only claimholders whose claims have been formally allowed, and who complete identity checks and tax documentation, will be eligible to receive funds.

At the same time, FTX said it has asked the US bankruptcy court to approve a reduction in its disputed-claims reserve to $2.4bn, down from $4.6bn. If approved, the $2.2bn difference would be made available for distribution to creditors in the next payout cycle.

The reduction signals growing confidence among those winding down FTX that a large portion of remaining legal claims will not ultimately require full funding. Since the exchange collapsed in late 2022, recovery managers have been selling assets, settling lawsuits and pursuing clawbacks in an effort to return cash to customers and other creditors.

The latest filing follows earlier reserve reductions approved by the court in 2025, which allowed FTX to start making payments after years of delays tied to litigation and asset recovery.

Still, the move carries legal risk. Holding back funds for disputed claims is meant to protect against the possibility that courts later rule in favour of claimants whose cases are still unresolved. If the reserve is cut too aggressively and those claims succeed, FTX may need to adjust future distributions.

FTX said payments will be handled by BitGo, Kraken and Payoneer, and warned creditors to remain alert for phishing attempts impersonating the recovery process.

The court has not yet approved the amended reserve proposal. A decision will determine how much cash is ultimately released and whether the March distribution proceeds at the scale outlined by the company.