FTX bankruptcy management team adds Payoneer as a third-party fund distribution service provider

According to a report by PRNewswire, the FTX bankruptcy management team announced the addition of Payoneer as a third-party fund distribution service provider, jointly responsible for customer fund returns under the FTX bankruptcy restructuring plan with BitGo and Kraken. Payoneer will provide support for fund allocation after May 30th, covering over 190 jurisdictions. If the customer chooses Payoneer as the receiving channel, they need to complete the identity verification (KYC), tax declaration form submission, and Payoneer account binding process through the FTX customer portal. Choosing this method is considered a waiver of the right to distribute cash in US dollars, and the funds will be converted into local currency by Payoneer and transferred to the designated bank account. FTX reminds customers to complete all necessary steps before the allocation deadline.