Case summary
What happened
FTX promoted an Earn program inside FTX-branded mobile apps, with historical support material describing tiered APY on supported balances. On 11 November 2022, FTX Trading Ltd. and affiliated debtors entered Chapter 11 proceedings. Current FTX claims support states that customer account history through the petition date includes amounts earned from staking or participation in the Earn program, and customer balances are read-only. The FTX Recovery Trust began plan distributions in 2025 and continued distributions in 2026, but those payments are made by bankruptcy claim class and eligibility rather than as a separately reported FTX Earn recovery program. CYA therefore does not assign a product-specific recovery percentage.
Customer result
Customer outcome
Claims ongoing
Stage 2 review confirms that FTX support continues to include Earn-program amounts in petition-date account histories and to treat pending withdrawals through bankruptcy claims where applicable. CYA does not treat published Dotcom, U.S., Convenience or other claim-class distribution percentages as a product-specific FTX Earn recovery rate. Some claims remain disputed or ineligible for distribution pending reconciliation, and affiliate/entity differences remain explicit.
- Estimated recovery
- Not classified at the FTX Earn product level. Bankruptcy-plan distributions have commenced for eligible allowed claims, but published percentages are defined by claim class and eligibility rather than by participation in the historical Earn program.
- Repayment started
- 2025-02-18
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Unclear
Do not infer that the Earn label created a separate protected asset pool, deposit insurance, direct staking ownership or a product-specific claim class. Contracting entity and jurisdiction remain material to claim treatment.
- Affected product
- FTX App Earn and related FTX-branded Earn balances
- Confidence
- High
Historical FTX Earn support described yield credited to customer accounts, while the post-bankruptcy portal converts account balances and Earn amounts into the relevant customer-entitlement and claim process. The reviewed sources do not establish one universal ownership, segregation, trust, custody or creditor-right model for every FTX-branded Earn variant.
Known unknowns
Uncertainty
The reviewed material confirms the Earn feature and its treatment inside post-bankruptcy account histories, but CYA does not collapse FTX.com, FTX US, FTX EU and other affiliate obligations into one legal contract. The exact initial launch date and product-specific custody/title terms remain unclear. Bankruptcy-plan distribution percentages vary by allowed claim class and are not treated as an FTX Earn recovery rate.
Chronology
Historical record
FTX Earn balances enter the FTX Chapter 11 claims context
FTX Trading Ltd. and affiliated debtors filed voluntary Chapter 11 petitions on 11 November 2022. FTX's later customer portal treats account balances as of that petition date and explicitly includes amounts earned from staking or participation in the Earn program.
This is the bankruptcy date for the FTX debtor group and the end date used for this product-scoped historical record. CYA does not assume that every FTX-branded Earn variant had the same contracting entity or creditor treatment.
FTX begins initial bankruptcy-plan distributions
FTX and the FTX Recovery Trust announced that initial distributions had commenced for eligible holders of allowed Convenience Class claims, with later distributions extending to additional allowed claim classes.
This is a plan-level customer and creditor distribution milestone, not evidence of a product-specific FTX Earn recovery percentage or universal completed repayment.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
customer outcome
3 sourcesAccount Balances and Transactions
FTX · 2024-06-05
Current FTX claims support states that balances and transaction histories are reflected through 11 November 2022 and include amounts earned from staking or participation in the Earn program. It also states that account data are read-only.
FTX Commences Initial Distributions to Convenience Class and Sets Next Distribution
FTX and FTX Recovery Trust · 2025-02-18
FTX-provided release confirms that initial bankruptcy-plan distributions commenced on 18 February 2025 for eligible allowed Convenience Class claims. It is not product-specific recovery evidence for FTX Earn.
Distributions Dashboard FAQs
FTX · 2026-07-24
Current FTX support describes ongoing claim reconciliation and distribution eligibility. It also states that FTX EU customers with pending cryptocurrency withdrawals on 11 November 2022 should have filed claims in the U.S. bankruptcy proceedings for those pending withdrawals. This is direct evidence that withdrawal impairment existed by the petition-date context for at least an identified FTX affiliate/customer cohort; CYA does not infer one exact global withdrawal-halt start date or one contracting entity for every FTX Earn user. Distribution status remains claim-class and eligibility dependent, so no universal FTX Earn recovery result is assigned.
Entity
1 sourcesFTX App Earn
FTX
Archived first-party support page for the FTX App Earn program. Used to establish that the FTX-branded mobile product paid yield on supported balances and to preserve the historical product identity.
Event
1 sourcesFTX Receives Court Approval for First Day Motions
FTX · 2022-11-22
FTX-provided release states that FTX Trading Ltd. and affiliated debtors filed Chapter 11 petitions on 11 November 2022 and identifies Kroll as the official claims agent.
No evidence records match the current filters.
Comparative records