If you had money on FTX when it collapsed in November 2022, you may be entitled to a cash payout — and the deadline to claim is approaching.
Here's what's actually happening with FTX repayments in 2026, and exactly what you need to do if you haven't claimed yet.
What Happened to FTX Customer Funds?
FTX filed for Chapter 11 bankruptcy in November 2022. After years of legal proceedings, the FTX Debtors' estate has recovered billions of dollars in assets. In 2024, the bankruptcy court approved a repayment plan that would pay customers back at 100 cents on the dollar for their claims, valued at November 2022 prices.
Distributions began in February 2025. Over $9 billion has been paid out across multiple rounds so far, distributed through BitGo, Kraken, and Payoneer. A further distribution is expected on July 31, 2026, with a record date of June 16, 2026.
Note on the 100 cents on the dollar figure: Claims are paid at November 2022 USD valuations. If you held Bitcoin or other assets that have since risen significantly in price, you will receive cash equivalent to the 2022 value — not the current market value of those assets.
How to Check If You Have an FTX Claim
- 1Go to the official FTX claims portal at claims.ftx.com
- 2Log in using your original FTX email address
- 3Complete KYC (identity) verification through BitGo — this is required before any funds are released
- 4Check your claim status and scheduled distribution amount
For a more detailed step-by-step guide, see the full FTX claim guide.
Why Some People Haven't Received Payment
There are a few common reasons people are still waiting:
- KYC not completed: BitGo requires identity verification before releasing funds. If you didn't complete this step, your distribution is on hold — this is the most common issue.
- Claim not filed: If you never submitted a proof of claim before the original deadline, you may need to file a late claim through the bankruptcy court.
- Old email address: If you no longer have access to your FTX account email, the process to recover your account is more complex but still possible through the claims portal.
- Small balance: Claims under $10 may have been processed differently — check the portal regardless.
Check your FTX claim status
Full step-by-step guide with portal links, KYC walkthrough, and what to do if you've lost access to your FTX email.
FTX Claim Guide →Beware of FTX Scams
The only legitimate portals are claims.ftx.com and restructuring.ra.kroll.com/FTX. There are numerous scam sites impersonating FTX's claims process. Never connect your wallet or enter a seed phrase on any site claiming to help you recover FTX funds. Never pay an upfront fee to a third party claiming to recover your FTX claim — the official process is free.
Other Exchange Claims (Celsius, Mt. Gox, BlockFi, Voyager)
FTX is not the only exchange with active recovery processes. If you held funds on any of these platforms, there may also be money waiting:
- Celsius Network — ~$3B owed, active claims portal
- Mt. Gox — repayments ongoing through 2026
- BlockFi — $1.2B+ owed
- See all exchange claims →