How Much Will FTX Customers Get Back: Complete Recovery Guide
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FTX collapsed in November 2022. After nearly four years of legal proceedings and asset recovery efforts, five distribution rounds have taken place.
As of the fifth distribution on July 31, 2026, FTX reports cumulative distributions of 120% for Class 7 Convenience claims, 105% for Classes 5A and 5B, and 103% for Classes 6A and 6B. These percentages apply to allowed USD claims. FTX has not announced the final recovery percentage for non-Convenience claims or the next distribution date.
Source: FTX fifth-distribution announcement, July 17, 2026
Recovery Depends on Your Claim Class
For a $10,000 Convenience claim, FTX's 120% cumulative distribution means about $12,000. A larger claim in Class 5A has received 105% so far — $10,500 for each $10,000 of allowed claim. Individual payments depend on eligibility and completion of the distribution requirements.
How the Repayment Structure Works
Account Value Calculation
The repayment amount is based on the frozen account value at the time of bankruptcy in November 2022. This includes:
- Cash balances in various fiat currencies (USD, EUR, GBP, etc.)
- Cryptocurrency holdings valued at November 2022 prices
- Any other eligible assets held in your account
Payment Method
All repayments from the FTX Recovery Trust are made in fiat currency. The Trust sends U.S. dollars to distribution providers; it does not return your original cryptocurrency holdings.
FTX uses BitGo, Kraken and Payoneer as distribution service providers for eligible creditors.
BitGo and Kraken allow recipients to withdraw cash or buy cryptocurrency, subject to their terms and availability. Payoneer supports fiat withdrawals to bank accounts. Buying crypto is a separate transaction and does not restore the amount originally held on FTX.
Source: FTX's distribution-provider guidance
Timeline and Distribution Process
The repayment plan received U.S. court approval in late 2024, with distributions beginning in early 2025—an important milestone in one of the largest cryptocurrency bankruptcy cases in history.
Priority Distribution System
- Small Creditors First: Convenience customer claims of $50,000 or less, including larger claims reduced to $50,000 by a valid election, were the first to receive distributions.
- Large Creditors: Those with larger claims receive payments through staggered installments over time.
Source: confirmed Plan, definitions 2.1.67 and 2.1.198
FTX's fifth distribution, approximately $900 million, began on July 31, 2026.
More than $11 billion has been distributed across five rounds: $10.3 billion through June 30, 2026 (FTX Recovery Trust Q2 2026 report) plus the fifth round from July 31, 2026. FTX has not yet scheduled the next distribution.
How much each class received in each distribution
Percentages show the payment for each round as a share of the allowed USD claim. Source: FTX distribution notices, linked in the column headings below.
| Claim class | 1st · 18 Feb 2025 | 2nd · 30 May 2025 | 3rd · 30 Sep 2025 | 4th · 31 Mar 2026 | 5th · 31 Jul 2026 |
|---|---|---|---|---|---|
| 5A: Dotcom customers | 0% | 72% | 6% | 18% | 9% |
| 5B: US customers | 0% | 54% | 40% | 5% | 5% |
| 6A: General unsecured | 0% | 61% | 24% | 15% | 3% |
| 6B: Digital asset loans | 0% | 61% | 24% | 15% | 3% |
| 7: Convenience | ≈120% | Catch-up only* | Catch-up only* | Catch-up only* | Catch-up only* |
*Convenience claims receive approximately 120% once. Later rounds cover eligible holders who had not already received that payment; they do not add another 120% to previously paid claims. FTX’s explanation of subsequent Convenience payments.
Figures follow FTX’s rounded announcements. Its third-round release states 40% for Class 5B, although its published cumulative totals do not reconcile exactly with the rounded individual payments. The table retains the officially stated percentage. FTX third-round notice.
Allowed USD claims use November 2022 prices, not today’s crypto value. Individual receipts depend on eligibility.
What You Won't Get Back
Recovery percentages are based on allowed USD claims and vary by class. They do not compensate for every loss:
- No Crypto Market Gains: You cannot recover any potential gains your cryptocurrency holdings might have made since November 2022.
- Fiat Currency Only: Regardless of your original cryptocurrency holdings, all repayments are made in fiat at November 2022 exchange rates. Converting back into crypto requires separate transactions and standard exchange fees.
Qualification Requirements
| Step | What it is | Rule or deadline |
|---|---|---|
| Step 3 | KYC | The KYC deadlines passed in 2025 (3 March to start, 2 June to submit). |
| Step 5 | Claim status | Must be "Allowed"; a disputed claim is not paid until it is resolved. |
| Step 7 | Tax form (W-8 or W-9) | Within 90 days of FTX's first notice after a record date, or that round's payment is forfeited. |
| Step 8 | Provider onboarding (BitGo, Kraken or Payoneer) | Within six months of the distribution date: about 31 January 2027 for the 31 July 2026 round. |
| Record date | Who is paid in a round | The holder on the register with Steps 3, 5, 7 and 8 complete. |
| Selling the claim | Transfer to a buyer | The buyer is paid only if the transfer is on the register at the record date after the 21-day notice period. |
- FTX FAQs: interest calculations and forfeiture rules
- FTX: KYC statuses and missed deadlines
- Source: FTX fifth-distribution announcement, July 17, 2026
Why the Recovery Rate Is So High
- Sale of highly profitable illiquid investments, such as stakes in companies like Anthropic AI and Robinhood.
- Rising values of recovered crypto assets - Solana was priced at about $16.24 and Bitcoin at $16,871.63 under the Digital Assets Conversion Table, much lower than later market prices.
- Effective liquidation of FTX's diverse investments and holdings.
- Successful lawsuits against parties that received favorable treatment from FTX.
Next Steps for FTX Customers
- Check your claim status through the official FTX bankruptcy portal.
- Ensure your contact information is current to receive distribution notifications.
- Complete any pending verification requirements.
- Be patient with the process, especially if you have a larger claim subject to staggered payments.
If you still haven't received your payment, Paxtibi can help in several ways:
- Purchase of your claim for immediate payment.
- Advisory services to understand why your claim is still blocked.
- Payment processing support for claims in so-called restricted jurisdictions.
For claims above $50,000, Paxtibi can also assess a purchase of the remaining entitlement, taking account of distributions already received. This offers a way to access liquidity while the amount and timing of future FTX payments remain unannounced.
Get in touch at info@paxtibi.xyz for a free consultation.
The Bigger Picture
Nearly four years after FTX's collapse, more than $11 billion has been distributed. Reported cumulative recoveries are 120% for Convenience claims, 105% for Classes 5A and 5B, and 103% for Classes 6A and 6B. These figures use allowed USD claims, not the current market value of the original crypto holdings. FTX's Q2 2026 report says interest-bearing claims stopped accruing interest as of July 31, 2026.
In an industry where exchange failures often result in total losses for customers, the FTX case shows how effective asset recovery and legal proceedings can deliver meaningful results.
Conclusion
FTX reports 120% for Convenience claims, 105% so far for Classes 5A and 5B, and 103% for Classes 6A and 6B. The Trust pays in fiat, and subsequent crypto market gains are not covered. More than $11 billion has been distributed over five rounds; the next distribution date has not been announced. Check your claim status and complete the required steps within the applicable deadlines.