Crypto exchange FTX, facing bankruptcy proceedings, has selected fintech platform Payoneer to handle distribution of funds to creditors. The announcement came with the addition of Payoneer to a list of distribution agents alongside BitGo and Kraken, signifying an attempt to reach more customers in restricted countries. 3rd-party distribution will begin on May 30th, 2025, after which FTX users can access their funds via this platform. Notably, Payoneer is only available for those who opted to be directly paid by the company, bypassing any potential future distributions from the platform itself. Further details about the specific countries that Payoneer will distribute are yet to be confirmed, though it will help reach customers in countries like Indonesia and Japan after earlier restrictions.