Payoneer to Facilitate Repayment of Customer Funds from FTX

FTX, the embattled cryptocurrency exchange currently undergoing bankruptcy proceedings, has partnered with Payoneer to streamline the repayment process for its users. The alliance with FTX Recovery Trust and FTX Digital Markets highlights Payoneer’s role as a distributor for payments scheduled after May 30, 2025, aiming to provide easier access to funds for former clients. Payoneer brings its extensive global reach to over 93 countries, expanding the reach of repayment plans significantly. While some users remain frustrated with their exclusion from this scheme, Payoneer’s involvement signifies a major step forward in resolving FTX’s financial obligations.