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Wu said that FTX announced that the next distribution is expected to occur on February 14, 2026, for recognized claimants and rights holders; the distribution is expected to commence on March 31, 2026. FTX also submitted a revised notice to the bankruptcy court, proposing to reduce the disputed claims reserve by $2.2 billion (subject to court approval) to free up more cash for this round of distribution, and warned users to beware of phishing emails and counterfeit portals impersonating FTX.