FTX Recovery Trust to Distribute Approximately $2.2 Billion to Creditors in Fourth Distribution on March 31, 2026

FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that, consistent with FTX's Chapter 11 Plan of Reorganization (the "Plan"), FTX will commence distributions on March 31, 2026 to holders of allowed claims in the Plan's Convenience and Non-Convenience Classes that have completed the pre-distribution requirements (the "Fourth Distribution"). Eligible creditors should expect to receive funds from their selected distribution service provider (a "Distribution Service Provider"), either Bitgo, Kraken or Payoneer, within 1 to 3 business days from March 31, 2026. Subsequent record and payment dates will be announced in due course. Additionally, FTX today announced that, consistent with the Plan and Preferred Shareholder Agreement (D.I. 25932), an April 30, 2026 record date has been set for a May 29, 2026 payment to holders of preferred equity interests (the "Preferred Equity Holders"). In the Fourth Distribution, in accordance with the waterfall priorities set forth in the Plan:1 Allowed Class 5A Dotcom Customer Entitlement Claims will receive an incremental 18% distribution (96% cumulative distribution to date); Allowed Class 5B U.S. Customer Entitlement Claims will receive a 5% distribution (100% cumulative distribution to date); Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each receive a 15% distribution (100% cumulative distribution to date); and Allowed Class 7 Convenience Claims will receive a cumulative 120% distribution. Customers should be aware that by onboarding with a Distribution Service Provider, they have irrevocably elected to forego their right to receive cash distributions from FTX and have instead directed FTX to pay, directly to such Distribution Service Provider, any distributions to which they otherwise would be entitled to under the Plan. If customers have any questions related to the availability of the funds in their account with their selected Distribution Service Provider, they should... Read more

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