US Edition
FTX and FTX DM Announce Addition of Payoneer as Distribution Service Provider
- On June 10, 2025, FTX and FTX Digital Markets announced a collaboration with Payoneer to facilitate the payout of recovery funds to eligible retail customers.
- This partnership follows the FTX Chapter 11 Reorganization Plan, requiring claims to be verified and lodged after May 30, 2025, and reflected on the official claims register.
- Payoneer has been appointed as the third distribution service provider for FTX, alongside BitGo and Kraken, facilitating payments to more than 190 countries. However, repayment processing remains delayed in certain regions such as China, Russia, Nigeria, and Egypt due to compliance challenges.
- Following the announcement, FTX’s native token price rose 1.8% to $0.98 on June 11, 2025, while customers using Payoneer must complete KYC and waive the right to cash distributions.
- Despite returning over $5 billion in the second repayment round starting May 30, unresolved disputed claims and stringent KYC processes continue to challenge FTX’s global repayment efforts.
51 Articles
51 Articles
FTX Taps Payoneer To Help Distribute Funds To Eligible Customers
FTX partnered with Payoneer to assist in distributing customer refunds under its Chapter 11 Plan of Reorganization. Payoneer becomes the third official distribution provider, joining BitGo and Kraken in handling fund reimbursements. The partnership applies to claims filed after May 30, 2025, and only to users registered and verified through the official portal. FTX has partnered with payment platform Payoneer to assist in the next phase of fund …
The global firm Payoneer will support the payment process of the bankrupt exchange FTX. The news comes as the second round of returns continues, although there are still criticisms about the asset distribution plan. *** Payoneer will act as the third payment distributor for FTX. The company operates in more than 90 countries. Already Kraken and Bitgo are processing payments for users. However, there are criticisms regarding the calculation of am…
FTX Creditors Furious as Payoneer Rollout Leaves Major Countries Behind Again
Is FTX’s refund plan just another selective payout play, or are millions still locked out forever? Key Highlights: Only 90 of 190 Payoneer-supported countries are eligible for FTX refunds, leaving behind millions of users in crypto-heavy regions. Creditor outrage is mounting, with claims of U.S. favoritism, delayed verifications, and payout bottlenecks even in “approved” regions. Paradisers! As the third phase of FTX’s long-awaited creditor rep…
FTX Repayment Faces Scrutiny Over KYC Issues and Pending Claims
The post FTX Repayment Faces Scrutiny Over KYC Issues and Pending Claims appeared first on Coinpedia Fintech News FTX, the bankrupt cryptocurrency exchange, is under scrutiny as users report over $2.2 billion in disputed claims, raising serious concerns about the fairness and transparency of the ongoing repayment process. $2.2 Billion in FTX Claims Still Disputed Despite beginning its second round of repayments on May 30, where over $5 billion i…
FTX has added Payoneer as a third distributor for payment distributions, alongside Kraken and Bitgo. Payoneer aims to forward payments to customers in 93 countries, but some regions are still out of scope. On the other hand, customers criticize the calculation of payments on the basis of low prices in 2022. P...
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