FTX added the Fintech Global Payoneer company to its list of approved distributors for creditors’ payments, the FTX Recovery and FTX digital markets confirmed on Tuesday.
The main dishes to remember:
- FTX added Payoneer as a distributor for the payments of post-Mai 30, 2025 creditors.
- Chapter 11’s reimbursement plan aims to return up to 16.5 billion dollars to former customers.
- Analysts warn that payments could introduce volatility from the short -term cryptography market.
Payoneer becomes the third official FTX distributor and the second of digital markets FTX, and will manage the payments dated after May 30, 2025, according to an announcement of June 10.
This decision aims to extend the accessibility of payments as FTX proceeds to its bankruptcy reimbursement plan, which began its second major distribution, totaling more than $ 5 billion in late May.
The FTX reimbursement plan targets $ 16.5 billion in customer payments under Chapter 11
The wider reimbursement effort, which is part of the reorganization of Chapter 11, is expected to return between $ 14.7 billion and $ 16.5 billion to former customers.
Despite Payoneer’s scope in 93 jurisdictions, some users have expressed frustration on social networks, saying that their countries are still excluded from the list of eligible payment regions.
Others remain critical with regard to the FTX evaluation methodology, which calculates payments according to the price of cryptography at the time of collapse of the stock market in November 2022, while Bitcoin was only worth $ 17,583, against more than $ 109,000 today.
On May 30, the FTX Trust began to distribute $ 5 billion to eligible creditors who filled the requirements of pre-distribution, targeting both convenience and non-convenience.
Under the scheme, complaints from the rights of DOTCOM customers should receive a distribution of 72%, while claims for the rights of American customers will see a payment of 54%.
Convenience complaints will receive a full reimbursement of 120%. Undo -guaranteed general complaints and complaints to take digital assets are planned for a distribution of 61%.
FTX reimbursements are closely monitored by cryptographic investors, as significant liquidity injections of these payments could have an impact on digital asset markets.
Analysts warn that if the recipients choose to unload or exchange their funds recovered from the retail scholarships, this could introduce the volatility of short -term prices.
It was the second major disbursement since the collapse of FTX. The first payment cycle, totaling $ 1.2 billion, was distributed on February 18 to applicants with less than $ 50,000 in approved complaints.
The release date of Sam Bankman Fried set for 2044
The founder of the FTX, Sam Bankman Fried, should now be released from the federal prison on December 14, 2044, after having served less than 21 years of his 25 -year sentence for fraud linked to the collapse of the FTX.
He was also sentenced to a fine of more than $ 11 billion. Federal files confirm that Bankman Fried was moved from New York to an Oklahoma transfer center after almost two years behind bars.
This decision comes after Bankman Fried was placed in solitary isolation earlier this month for granted an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after judge Lewis Kaplan revoked his deposit due to allegations of falsification of the witness involving inscriptions to the disclosed newspaper of the former CEO of Alameda, Caroline Ellison, who was a key witness in the case.
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