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Crypto Regulation

FTX Sets Jan 31, 2027 Deadline for China, Macau Creditors to Pick Payment Provider

FTX creditors registered in mainland China and Macau face a Jan. 31, 2027 deadline to connect a distribution service provider or risk losing all repayments. FTX works with BitGo, Kraken and Payoneer, but none appear as options for residents of those regions, leaving claims stuck at step 8 of the payout process even after KYC and tax forms are approved. Five distribution rounds have already run since the plan took effect in January 2025, with no payout reaching those creditors.

Original source

AI take

The exclusion of mainland China and Macau creditors from FTX's named distribution partners points to a structural gap rather than a procedural delay: KYC and tax compliance can be satisfied while the payout rail itself remains unavailable. That distinction matters because it shifts the problem from creditor inaction to infrastructure coverage, and it leaves a defined cohort waiting through successive distribution rounds. The open question is whether a provider is added for these regions before the deadline, or whether the claims are ultimately written off as unreachable.

Generated by AI for reference only.

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