The long-awaited FTX Payoneer payouts have officially launched as part of the crypto exchange’s bankruptcy reorganization plan. According to an announcement from FTX Recovery Trust and FTX Digital Markets, global fintech company Payoneer will serve as an official distributor for creditor payments dated after May 30, 2025.
This makes Payoneer the third approved distributor for the bankrupt exchange and the second specifically for FTX DM. The platform will help facilitate FTX Payoneer payouts in over 93 supported jurisdictions.
How FTX Payoneer Payouts Will Be Calculated
FTX stated that the FTX Payoneer payouts will follow the previously approved court plan, with creditors receiving funds based on the dollar value of their claims at the time of bankruptcy. The total distribution amount is estimated to range between $14.7 billion and $16.5 billion.
The second wave of payments, totaling over $5 billion, began in late May. However, the use of historical asset prices—such as Bitcoin’s $17,583 valuation on November 11, 2022—has sparked dissatisfaction among some creditors. Bitcoin’s current value, well over $100,000, further highlights the gap in real market value versus the basis for claims.
Global Availability and Payoneer Coverage
While FTX Payoneer payouts are intended to improve distribution speed, concerns are rising across social media. Some users reported that their countries are not included in Payoneer’s coverage, potentially blocking or delaying access to their funds.
Despite the complaints, FTX claims Payoneer’s involvement will provide greater efficiency and expand the payment infrastructure available to creditors globally. This is particularly important in light of growing legal and technical complexity surrounding international crypto settlements.
Outlook for FTX Creditors
Although the FTX Payoneer payouts are now underway, many claimants remain skeptical. Distribution size depends on individual claim types and amounts, and not all users will receive the same level of recovery.
Still, adding Payoneer is a meaningful step forward in addressing FTX’s obligation to return billions in lost funds following one of crypto’s biggest collapses.
