PANews reported on June 11 that according to PR Newswire, the FTX bankruptcy management team announced that it has added Payoneer as a third-party fund distribution service provider, jointly responsible for the return of customer funds under the FTX bankruptcy reorganization plan with BitGo and Kraken. Payoneer will provide support for fund distribution after May 30, covering more than 190 jurisdictions.

If customers choose Payoneer as the receiving channel, they need to complete identity verification (KYC), tax return submission and Payoneer account binding through the FTX customer portal. Choosing this method is deemed to be giving up the right to cash distribution in US dollars, and the funds will be converted into local currency by Payoneer and remitted to the designated bank account. FTX reminds customers to complete all necessary steps before the distribution deadline.