The FTX Saga Continues: Payoneer Joins Payouts, Shaq Settles for $1.8 Million, and Binance Fights Back

Payoneer joined BitGo and Kraken as a payout provider for FTX creditors starting after May 30, 2025. Shaquille O’Neal agreed to a $1.8 million settlement over allegations he promoted FTX. Binance files to dismiss a $1.76 billion lawsuit from the FTX estate, calling it legally baseless. The fallout from the collapse of FTX continues to unfold on multiple fronts, with new developments in customer repayments, celebrity accountability, and a high-stakes legal battle between the FTX estate and the world’s largest crypto exchange, Binance. The latest moves show that even years after its dramatic failure, the process of making victims whole and settling legal disputes is still a complex and ongoing saga. FTX Taps Payoneer to Speed Up International Customer Repayments The FTX Recovery Trust and FTX Digital Markets (FTX DM) have announced that Payoneer will be added as a new distribution service provider. The fintech firm, which operates in over 190 countries, will begin handling distributions after May 30, 2025. According to a press release , FTX is joining BitGo and Kraken in facilitating repayments under the Chapter 11 bankruptcy reorganization plan appro… The post The FTX Saga Continues: Payoneer Joins Payouts, Shaq Settles for $1.8 Million, and Binance Fights Back appeared first on Coin Edition .

Source: Coin Edition