• FTX to pay $2.2B to creditors on March 31

• Many users nearing 100% recovery (some up to 120%)

• Follows 2022 collapse and SBF’s 25-year fraud sentence

Bankrupt crypto exchange FTX is set to distribute roughly $2.2 billion to creditors at the end of March, marking another major step in its long-running recovery process following one of the industry’s most dramatic failures.

The FTX Recovery Trust said the funds will be distributed on March 31 as part of the exchange’s Chapter 11 restructuring plan, with payments expected to arrive within one to three business days via BitGo, Kraken or Payoneer.

The latest payout represents the fourth round of distributions since FTX filed for bankruptcy in November 2022, when the…