Payoneer now joins BitGo and Kraken, both already facilitating distributions as part of the FTX Restructuring Plan approved by the US Bankruptcy Court in Delaware, as well as the Bahamian liquidation proceedings. Payoneer became available as a payment processor after May 30, 2025.
FTX’s first round of creditor payments was carried out on February 18, 2025, with the second round scheduled for May 30. The addition of Payoneer expands user choice, allowing retail clients to select from BitGo, Kraken, or Payoneer when claiming compensation.
Importantly, clients who opt for Payoneer irrevocably waive the right to receive direct cash payouts in USD or equivalents. Instead, users:
- authorize FTX to transfer payout amounts directly to Payoneer,
- and instruct Payoneer to deposit funds to their chosen bank account, in the currency specified by the user.
"Payoneer is a public company operating in over 190 countries, and we are pleased to welcome them to our transparent and controlled distribution framework," FTX noted in its announcement.
To be eligible for future distributions, clients must:
- complete KYC verification on the FTX portal,
- submit the required tax forms,
- and register with one of the approved payout providers: BitGo, Kraken, or Payoneer.
For claims that have been transferred to third parties, payouts will be made only to the new owners, provided they are listed in the official claims registry as of the record date and the 21-day objection window has closed.
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