FTX to Begin $2.2B Creditor Payouts on March 31, 2026

FTX Token (FTT) traded around $0.28 as the broader crypto market remained under pressure, with the token down about 2% over the past 24 hours. FTX Recovery Trust said it will start a $2.2 billion distribution to approved creditors on March 31, 2026, marking the fourth payout round tied to the exchange's Chapter 11 bankruptcy process. The record date for this distribution was February 14, 2026. Payments to verified claim holders are scheduled to begin March 31 and are expected to be delivered within 13 business days via designated providers. FTX's creditor repayments stem from the exchange's late-2022 bankruptcy filing after Sam Bankman-Fried's business empire collapsed. Bankman-Fried was convicted on multiple charges related to the failure and is serving a 25-year prison sentence. The saga is also set to be dramatized in a Netflix miniseries titled 'The Altruists', which includes a depiction of Caroline Ellison. Bankman-Fried has recently claimed the exchange was never insolvent. Market focus is now on whether the coming payout could add fresh selling pressure to FTT. The token, once central to the FTX ecosystem, has fallen from highs above $85 to near-zero levels and remains highly sensitive to bankruptcy-related headlines. Traders are watching the October 2025 low near $0.24 as a potential downside target if creditor selling accelerates. On-chain data indicates at least 38.3k wallet addresses hold FTT. Some market participants see scope for a rebound if broader conditions stabilize and the bankruptcy process moves toward closure, with upside levels discussed around $0.50 and the psychological $1 mark. Technically, indicators lean cautious ahead of the March 31 distribution. The daily RSI is near 42 and trending lower toward oversold territory. MACD suggests mild bullish momentum, though the histogram is weakening. FTT is down roughly 22% over the past month as altcoins face persistent bearish pressure. If selling intensifies into the distribution window, a retest of the $0.24 area remains a key risk.