How Much Will FTX Customers Get Back: Complete Recovery Guide

The collapse of FTX in November 2022 left millions of customers wondering if they would ever see their money again. After nearly three years of legal proceedings and asset recovery efforts, there's finally good news: FTX customers are getting paid.

Customers are expected to receive 120.5% for claims with a face value (the account value at the time of bankruptcy) under $50,000 and 144% for claims with a face value above $50,000. Class 07A claims receive the 120.5% payment in a single, final distribution, while Class 05A claims receive multiple distributions. As of now, claimants in Class 05A who have already been paid received a first distribution of 72.4934% and a second of 5.6825%, totaling 78%.

The Bottom Line: More Than Full Recovery

FTX customers will recover their full principal amounts plus an additional bonus given as "extra interest" because the money has been locked in the bankruptcy for years. If you had $10,000 in your FTX account when it collapsed in November 2022, you can expect to receive approximately $12,500 in fiat currency.

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 are made in fiat currency only. Even if your original holdings were in cryptocurrency, you'll receive the equivalent value in traditional currencies such as U.S. dollars or euros.

FTX is partnering with distribution providers like crypto exchanges Kraken and Bitgo, along with the global fintech Payoneer, instead of paying users directly.

Through these partners, you can swap your fiat repayment for stablecoins like USDT or USDC, or cryptocurrencies such as Bitcoin, Ethereum, and Solana—though the amounts will differ from what you originally held on FTX.

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: Customers with claims of $50,000 or less receive priority treatment and faster processing.
• Large Creditors: Those with larger claims receive payments through staggered installments over time.

As of September 2025, FTX has been actively releasing funds to creditors. The most recent significant payout occurred on September 30, 2025, when approximately $1.6 billion was distributed to eligible creditors. This was the third major distribution, following earlier rounds in January and June.

Total distributions now reach into the billions, demonstrating substantial progress in the recovery process.

What You Won't Get Back

While the 120.5% recovery rate is excellent news, it's important to understand the limitations:

• 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

• Completed verification through the official FTX claims portal
• Filed a valid claim within the specified deadlines
• Provided all required documentation proving account ownership and balances

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 $9 and Bitcoin $16,000 at the time of bankruptcy, much lower than their later sale 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 buy the remaining portion of your claim—after accounting for distributions already received—if you prefer immediate liquidity instead of waiting another two to three years for the full 144% recovery.

Get in touch at info@paxtibi.xyz for a free consultation.

The Bigger Picture

The FTX repayment process stands out as one of the most successful recoveries in cryptocurrency bankruptcy history. While customers have waited nearly three years and won't benefit from subsequent market gains, recovering principal plus at least a 20.5% bonus is a remarkable outcome few expected in November 2022.

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 customers can expect at least 120.5% of their November 2022 account values—full recovery plus a 20.5% bonus. Repayments are made in fiat rather than crypto, and missed market gains aren't covered, but billions have already been returned with more distributions scheduled. Ensure you've completed all claim requirements to receive your share of the recovery.