FTX Bankruptcy Claims: Complete Guide to Creditor Recovery

FTX's November 2022 collapse is the largest cryptocurrency bankruptcy ever. Millions of creditors—traders, employees, and customers—are waiting for recovery. Here's what you need to know if you have a claim.

FTX: The Collapse

In November 2022, FTX imploded after revelations that founder Sam Bankman-Fried had secretly moved billions of customer deposits to his trading firm, Alameda Research. The exchange filed Chapter 11 bankruptcy with hundreds of billions in customer claims (most of which had no backing).

Claim Categories

FTX creditors fall into several categories with different recovery prospects:

• Employees: Priority wage claims up to $15,000 per employee
• Insurance claims: Some customer claims may be covered by FTX's insurance
• General unsecured claims: Customer account balances and other unsecured debts

Estate Assets and Recovery

The FTX estate has recovered significant assets: over $14 billion in cryptocurrency and fiat currency found in FTX and Alameda accounts, plus settlements with third parties (Voyager Digital, BlockFi, Genesis). With hundreds of billions in claims, recovery rates remain modest—currently projected at 10–20% for general unsecured creditors, with potential upside if Bankman-Fried is convicted and assets are seized from him personally.

Filing Your Claim

Claim deadlines have passed for most creditors, but monitor FTX bankruptcy court filings for any reopened deadlines. If you filed, your claim should appear on the docket.

Distribution Schedule

FTX has begun making distributions (four as of April 2026). Creditors should monitor the official FTX bankruptcy website for upcoming distribution dates and amounts. Distributions are typically made quarterly or as assets become available.