Has FTX truly commenced the disbursement of users funds?

[EL MOHA]

Saw this a while ago on X (formerly twitter) that FTX has started disbursement of payments

Is this true, For those who might have filed a claim and select a distribution provider?

Recall that FTX had actually filled for bankruptcy in November 2022, which was reported linked to misuse of funds by founder Sam Bankman-Fried (SBF).

Hopefully this is true because I could recall similar thing was reported for MtGox and I don’t think the payment has been completed yet.

To avoid all this unnecessary lost of funds, one should prioritize self custody of funds,

Not your keys not your coins

[Davidvictorson]

This is the latest I found online with regards to your question.

Fourth distribution details and payout mechanics
The FTX Recovery Trust’s latest announcement confirms a $2.2 billion payout slated for March 31, 2026. Eligible creditors will see payments delivered through their selected distribution provider within one to three business days, marking the fourth installment in a plan designed to unwind the exchange’s collapsed operations.

https://www.mexc.com/news/958556

Today is March 31, so we expect to hear some news if they have started to make the payouts.

[Franctoshi]

The year of 2022 was an unforgettable year for some investor who lost their money as a result of the FTX collapse, a year of important lesson learned with how and where to store your crypto more safely. For the repayment everything is still on paper until we start hearing that people are begging to receive a refunds,

[Fiatless]

The year of 2022 was an unforgettable year for some investor who lost their money as a result of the FTX collapse, a year of important lesson learned with how and where to store your crypto more safely. For the repayment everything is still on paper until we start hearing that people are begging to receive a refunds,

It's good news that those who lost money in the FTX saga, will be getting it back. They seem to be fast because victims of MtGox had to wait for many years to get a refund. This should have been a lesson to people who keep large amounts in centralized platforms. Sadly, people still think that Binance and others are too big to go bankrupt. Until some of them face serious problems they will never learn lessons.

[Hazink]

It's good news that those who lost money in the FTX saga, will be getting it back. They seem to be fast because victims of MtGox had to wait for many years to get a refund. This should have been a lesson to people who keep large amounts in centralized platforms. Sadly, people still think that Binance and others are too big to go bankrupt. Until some of them face serious problems they will never learn lessons.

Some of the victims of Mtgox might not be alive when the refund program was initiated, while some were also busy online claiming that it has been a good way of saving their bitcoin for years without getting their hand on it. Maybe some people were actually compensated based on the volume of bitcoin they hold on their balance sheet and not just by the value. As of that time they got locked out. It could have been a different story for them if there was never any means of repayment, and those who don't want to learn and are still using centralised exchange as means of storage will learn the hard way for the second time.

[JeromeTash]

I don't even know what to believe anymore regarding FTX. After the email leak earlier on during the time when they were trying to get creditors to verify how much they had left in FTX before the collapse. I started getting countless emails from probably scammers.

I think people from certain regions have or are slated to receive their funds, while others may still have no hope to this date.

[Alphakilo]

It's good news to many of us investors who lost a lot of, if not all our coins during the FTX collapse, but while we celebrate already, there is due process to adhere to and caution is required so as not to fall victim to scammers who might be on the lookout for easy prey.  
Any emails with request to connect wallet to get your claims could probably be a scam mail because this disbursement would appear in your account following the key provider service you chose or via their official portal.

From my findings, about $2.2B has been claimed to have been refunded to affected users who use key providers like kraken, Payoneer and Bitgo. While for Mt. Gox although not included in this post, has done good to extend the deadline of refunds to Oct 2026 for users using key providers like Bitstamp, kraken and SBI VC.

I checked out these blogs with same news and you should also get better clarity on the issue:

https://www.prnewswire.com/news-releases/
https://www.indexbox.io/blog/

[uneng]

The year of 2022 was an unforgettable year for some investor who lost their money as a result of the FTX collapse, a year of important lesson learned with how and where to store your crypto more safely. For the repayment everything is still on paper until we start hearing that people are begging to receive a refunds,

2022 was the year to teach investors that they shouldn't keep funds deposited, neither invested in third party platforms anymore. The fact the business was registered and there were public faces and personas officially attached to it didn't matter after all to ensure legitimacy and long term sustainability for the business. The scam happened anyway, just like it used to happen through anonymous random cloud mining investments during the early years of this industry.

Now investors are going to be able to recover only a minor part of the total sum they lost to the scammers. After all, the potential returns these platforms promise doesn't worth the risks of losing money to them in the end.

[Taskford]

The year of 2022 was an unforgettable year for some investor who lost their money as a result of the FTX collapse, a year of important lesson learned with how and where to store your crypto more safely. For the repayment everything is still on paper until we start hearing that people are begging to receive a refunds,

2022 was the year to teach investors that they shouldn't keep funds deposited, neither invested in third party platforms anymore. The fact the business was registered and there were public faces and personas officially attached to it didn't matter after all to ensure legitimacy and long term sustainability for the business. The scam happened anyway, just like it used to happen through anonymous random cloud mining investments during the early years of this industry.

Now investors are going to be able to recover only a minor part of the total sum they lost to the scammers. After all, the potential returns these platforms promise doesn't worth the risks of losing money to them in the end.

But people will still do that since many will continue to think about that putting some money on exchange is decision to do to avoid hassle process, especially if they are lazy to withdraw their money after they are done with their trades.

So this situation happen to Mt.Gox and FTX still has a chance to happen to other people who usually put their money on other big exchange. People supposed to be learn a valuable lesson from incidents happen to those supposed to be big exchange before, but there are lazy people think that they will not experience this and this is the reason why to many people fall as victim when those big exchange start to get compromised or face big issues.

[Lida93]

Saw this a while ago on X (formerly twitter) that FTX has started disbursement of payments

Is this true, For those who might have filed a claim and select a distribution provider?

A topic akin to this has being discussed in the exchange section since March, 2026. Click for yourself as you might get information that may give you a lead to your interest from the replies.  FTX announces 4th phase distribution.

The FTX and Luna crash ought to be a sufficient events that should make people have a rethink about keeping huge funds in coins in exchanges rather than having it in self custodial cold wallet. Unfortunately, people have become too lazy nowadays to handle simple responsibilities.

[Agathamay]

had to recheck your date to confirm the news wasn't today else  i would have also called it some sort of April fool's prank but any way it will really be a great one for them to return their clients payment to them and this is the highest show of remorse and i already thought this topic was already long gone and if they have really paid off their debts then they should also give a prove of repayment and also make it possible that for those who have received their refunds to also give some sort of attestation as this also increase the chances of people believing  in the refund process.

[rat03gopoh]

This isn't a core distribution; users must contact the service they designated as their final distributor based on instructions (I think, regulators will likely determine which service users should claim through).

The FTX debt may be considered settled, but it's an additional round of battle for debtors to obtain their full rights.

[FinneysTrueVision]

There have been ongoing distributions for a while now. Like some other exchange bankruptcies, it may take several years to finish repayments. From what I understand, customers are only getting the USD value of their holdings at the time they declared bankruptcy. Bitcoin was only around $16,000 back then, so you are getting a raw deal if you held mostly Bitcoin. For altcoins, you’re not taking such a loss, because those years after the FTX collapse have been very rough for altcoin prices.

[hugeblack]

The expected Payout Start Date is March 31, 2026 and the process of starting to send money takes 1-3 business days (and may take a little longer), so it is too early to be sure that everyone has received their payments.

Generally, this isn't the first distribution, and some users have already received part of their funds, so it's an ongoing process. For more details about these distributions, please see [link/quote].

FTX said creditors would begin receiving distributions on March 31, with Dotcom customer claims getting an incremental 18% distribution, bringing cumulative recovery to 96%. US customer entitlement claims will be receiving 5% to reach 100%, while general unsecured and digital asset loan claims will each receive 15% to reach 100%. Convenience claims remain at a cumulative 120% distribution.