This new option will be available for all future distributions made after May 30, 2025.
FTX clarified that customers choosing this method will waive their right to direct US dollar distributions. Instead, the bankrupt exchange will transfer funds to Payoneer, which will credit the customer’s chosen bank account.
The company stressed that the value received will align with each customer’s entitlement under the plan, regardless of currency.
Notably, retail investors with smaller claims were repaid mainly in full, while larger creditors with claims exceeding $50,000 have faced limits on full recovery.
Despite adding Payoneer to the distribution process, FTX’s repayment reach remains incomplete.
Interestingly, creditors from these countries made up a significant portion of FTX’s user base before its collapse. For context, FTX’s data shows that creditors from China alone represent 8% of total claims.
The ongoing lack of access for these regions highlights persistent gaps in FTX’s global asset recovery, raising concerns about fairness and transparency as the process progresses.
