FTX’s New Plan: Get Your Money Back, But Not in Dollars! 💸

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So, FTX has decided to sprinkle a little fairy dust on their reorganization efforts, and voilà! They’ve unveiled a shiny new option for creditor distributions. It’s like they’re saying, “Hey, we know you lost a fortune, but let’s make this process as complicated as possible!”

In a statement that could only be described as “thrilling” (if you’re a fan of watching paint dry), they announced that Payoneer will now join the party. Yes, that’s right! Payoneer, the financial equivalent of that friend who always shows up late but brings snacks. They’ll be working alongside BitGo and Kraken—because why not throw a few more cooks in the kitchen? 🍽️

Now, if you’re one of the lucky customers who decides to go with this new method, here’s the kicker: by choosing Payoneer, you’re basically signing a waiver that says, “No thanks, I don’t want my money in good old U.S. dollars.” Instead, FTX will send your funds to Payoneer, who will then magically transform it into your local currency. It’s like a financial game of telephone, but with your hard-earned cash! 📞💰

And don’t worry, FTX assures us that the value you receive will match your entitlement under the approved plan. So, if you were expecting a nice fat check, you might just get a nice fat headache instead. But hey, at least it’s all part of the grand plan, right? 🎩

This new repayment option will be available for all future distributions processed after May 30, 2025. Because who doesn’t love waiting for their money? The inclusion of Payoneer just goes to show FTX’s commitment to making sure that recovering your assets is as diverse and accessible as a buffet line at a wedding. Bon appétit! 🎉

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2025-06-11 16:04