<ul data-eligibleForWebStory="true"><li>FTX has introduced a new option for creditor distributions as part of its reorganization efforts.</li><li>The move aims to streamline the process of returning funds to customers by involving Payoneer as an additional distribution channel.</li><li>Payoneer will work alongside BitGo and Kraken to facilitate fund distributions to retail customers in eligible jurisdictions.</li><li>Customers choosing Payoneer will waive their right to receive direct U.S. dollar distributions.</li><li>FTX will transfer funds to Payoneer, which will then credit the customer’s chosen bank account in their local currency.</li><li>The ultimate value received by customers will align with their entitlement under the approved plan.</li><li>The new repayment option will be available for future distributions processed after May 30, 2025.</li><li>FTX aims to provide diverse and accessible channels for creditors to recover assets during the ongoing bankruptcy proceedings.</li></ul>

FTX Unveils Important Option for Creditor Distributions

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