FTX adds Payoneer as the third distribution partner alongside Kraken and BitGo.

FTX Recovery Trust and FTX Digital Markets have announced that Payoneer will help distribute payments from the bankrupt crypto exchange. Payoneer will be the distributor for customers with payments after May 30, 2025, as the third distributor of FTX and the second distributor of FTX DM.

Payoneer is expected to support the distribution of FTX funds to 93 legal jurisdictions, but many users on social media X expressed disappointment because their country is not included in the distribution.

At the end of last month, FTX announced that it had begun the distribution of over $5 billion to customers as part of its Chapter 11 restructuring plan. This plan is expected to distribute between $14.7 billion and $16.5 billion, but some users criticized the distribution because it is based on account values at the time of bankruptcy in 2022.

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