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FTX Taps P...
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FTX Taps Payoneer to Help Distribute Funds to Eligible Customers

  • FTX has partnered with Payoneer to aid in distributing customer refunds under its Chapter 11 Plan of Reorganization.
  • Payoneer is now the third distribution provider, alongside BitGo and Kraken, for fund reimbursements.
  • The partnership applies to claims filed after May 30, 2025, and is for users registered through the official portal.
  • Eligible users will have flexibility in choosing how they receive reimbursements.
  • Payments under this arrangement will start for claims after May 30, 2025.
  • FTX continues its reimbursement process under a regulated court framework with emphasis on KYC processes and tax form completion.
  • Users can opt for Payoneer as their distribution service.
  • FTT, FTX's native token, saw a 1.8% price increase following the partnership announcement.
  • FTX warns against unofficial websites and confirms communications will come through verified channels.
  • The latest refund phase, involving Convenience and Non-Convenience Class creditors, will distribute around $5 billion.
  • Payoneer's involvement opens up eligibility for this refund stage.

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