FTX has initiated a three-round distribution of approximately $7.1 billion to creditors, with the fourth payout planned for January 2026. This ongoing process aims to rebuild trust in the crypto market following FTX’s collapse in 2022. Key figures like Sunil Kavuri are driving efforts to maximize recovery for all stakeholders. Former CEO Sam Bankman-Fried continues to publicly address the company’s situation, challenging the notion of a true bankruptcy. The payout has impacted cryptocurrency markets, particularly Solana liquidity, while the overall crypto market remains sensitive during this period. A significant portion of creditors have witnessed high recovery rates in the process (119%), exceeding expectations in typical bankruptcy cases. The distribution and its impact on regulatory, technological, and financial landscapes continue to be analyzed by industry experts. While FTX’s payout shows a promising precedent for fast and large creditor recovery, similar cases like Mt. Gox provide context for further evaluation.