FTX Adds Payoneer as Third Customer Asset Distribution Partner Following Kraken and Bitgo

On June 11, FTX disclosed the engagement of Payoneer as its third service provider for customer asset distribution, supplementing existing partners Kraken and Bitgo. This strategic move aims to enhance the efficiency and security of future asset disbursements to creditors. Payoneer, a leading fintech firm specializing in cross-border payments and digital financial solutions, currently operates across 190 countries, offering robust infrastructure for global transactions. The inclusion of Payoneer underscores FTX’s commitment to leveraging established financial technologies to streamline the repayment process amid ongoing restructuring efforts. This development is significant for stakeholders monitoring the progress of asset recovery and distribution within the crypto insolvency landscape.