FTX Adds Payoneer for Global Creditor Payouts

In a significant step to streamline creditor compensation, FTX has announced the integration of Payoneer, a leading global fintech company, into its asset distribution framework. This expansion aims to provide greater flexibility and improved access for creditors awaiting compensation from the restructured cryptocurrency exchange.

Expanded Payment Options for FTX Creditors

Payoneer now joins BitGo and Kraken as the third official provider for FTX client distributions, and the second for FTX Digital Markets Ltd (FTX DM) liquidation in the Bahamas. This integration, part of FTX’s U.S. Bankruptcy Court-approved restructuring and Bahamian liquidation plans, became active after May 30, 2025, following earlier compensation rounds.

Payment Mechanism and Benefits

Opting for Payoneer means clients will forgo direct U.S. dollar cash payouts. Instead, funds will be transferred to Payoneer, which then deposits them into the client’s specified bank account in their chosen currency. FTX emphasized this partnership enhances their “transparent and controlled payment ecosystem,” leveraging Payoneer’s reach across over 190 countries.

Eligibility Requirements

To receive payments, creditors must fulfill specific prerequisites:

• Successfully complete the Know Your Customer (KYC) verification process via the FTX claims portal.
• Submit all necessary tax forms.
• Finalize registration with one of the designated payment providers: BitGo, Kraken, or Payoneer.

Handling of Transferred Claims

For claims legitimately transferred to third parties, disbursements will be directed solely to the new owners. This is contingent upon their proper registration in the official claims registry by the stipulated record date and provided that the 21-day objection period has concluded without valid challenges.