FTX Payouts in Ukraine 2026: Why Step 8 Is Blocked

Is Ukraine on FTX's restricted list?

Yes. FTX's support page "General Information on Distribution Service Providers" (updated 2 October 2026) says: "As of October 1, 2026, the following jurisdictions are not eligible for distributions and creditors resident in those jurisdictions cannot select Distribution Service Providers in the FTX Customer Portal." Ukraine is one of the 44 jurisdictions on that list. FTX adds: "The FTX Debtors are continuing to assess eligible jurisdictions."

This is not new. In January 2025, before the first distribution, Ukraine was already missing from FTX's lists of countries eligible for BitGo and Kraken (ITC.ua, 17 January 2025). It has not been opened since.

In practice, Step 8 of the portal offers no provider to a resident of Ukraine. Keep your KYC and the tax form (Step 7) complete, so nothing else holds the claim back if a route opens.

Ukraine was also among the 49 jurisdictions named in Exhibit B to the FTX Recovery Trust's motion of 2 July 2025 on "potentially restricted foreign jurisdictions" (D.I. 31148). The Trust withdrew that motion without prejudice on 3 November 2025 (D.I. 33439), so it can be filed again.

And in the Bahamas (PwC) process?

Ukraine is restricted there too. PwC's page "Potentially Restricted Foreign Jurisdictions" for FTX Digital Markets (last modified 15 October 2026) lists 46 jurisdictions: FTX's 44 plus Pakistan and Zimbabwe. PwC says it is "unable to provide any details on timelines or likely outcomes at this stage".

Why payouts to Ukraine are blocked

FTX publishes no reasons for any country on its list. What is on record:

None of FTX's three distribution service providers can be selected by a resident of Ukraine in the portal.
The providers' own published terms do not exclude Ukraine as a whole:
Kraken's Global Terms (last updated 19 October 2026) name the Crimea, Donetsk and Luhansk regions, not the rest of the country.
Payoneer serves freelancers and businesses in Ukraine and pays out to Ukrainian bank accounts in hryvnia.

Our reading: the block comes from FTX's own list, not from a provider refusing Ukraine. That makes Ukraine more likely to be opened at some point than countries the providers do not serve at all. But FTX has given no date, and nothing has changed since early 2025. We would plan around January 2027 rather than wait for a change.

What happens if you do nothing

Deferral. FTX: "If a Distribution Service Provider is unable to service your jurisdiction, your distribution will be deferred to a later date."
The six-month rule.
FTX's Distributions Dashboard FAQ (updated 13 September 2026) says a holder of an allowed claim who does not complete onboarding with a provider within six months from the 31 July 2026 distribution date may forfeit their right to receive distributions on that claim.
Six months from that date is about 31 January 2027. That is our calculation; your own FTX notice gives the date that applies to you.
FTX has not said how this rule applies when a country is blocked.

FTX Step 8 deadline

Step 7. The tax form must be completed within 90 days of FTX's first notice after each record date. Otherwise that distribution is permanently forfeited.
No court route today. The 2025 motion on restricted jurisdictions was withdrawn and can be filed again.

Your options

1. Wait.

Keep KYC and Step 7 complete, and check Step 8 every month.
On the W-8BEN form in Step 7, your foreign tax identifying number is your Ukrainian taxpayer number (RNOKPP).
Waiting costs nothing and can suit small claims.
The risk is the six-month rule around January 2027.

2. Update your residence, if you now genuinely live abroad.

At the end of July 2026, 4.43 million people who fled Ukraine had temporary protection in the EU, with the largest numbers in Germany, Poland and Czechia (Eurostat).
FTX looks at your country of residence, not your passport. If your genuine residence is now in a country that is not on FTX's list, and your KYC shows it, the restriction for Ukraine does not apply to you.
FTX: "Email KYC-Support@ftx.com to request an update to your jurisdiction information"; "the FTX Recovery Trust will evaluate and update your jurisdiction as appropriate."
Be ready to show proof of your address in the new country, such as a residence permit and a recent utility bill or lease. Then submit a new tax form in Step 7 and select a provider.
The provider's country must match your KYC country, and the provider runs its own checks. A temporary or borrowed address will fail them.

3. Sell the claim to Paxtibi.

We buy the claim and file the transfer with the US court under Bankruptcy Rule 3001(e).
You are paid at signing.
After the 21-day notice period, future distributions go to us.

4. Payment processing.

If you want to keep the value of future distributions, you transfer the claim to Paxtibi under a written agreement.
When FTX pays, we forward the funds to you.
We charge a success fee on the recovered amount. If FTX does not pay, we earn nothing.

You choose between options 3 and 4. We explain both before you decide.

What not to do:

pay anyone who promises to "unblock" your country;
share your FTX portal login, seed phrases or private keys;
use someone else's address or documents for KYC.

All 44 restricted jurisdictions: see FTX restricted jurisdictions 2026.

Rules in Ukraine to know

General information, not legal or tax advice.

1. The crypto law is adopted but not in force.

The Law "On Virtual Assets" (No. 2074-IX) was adopted on 17 February 2022 and published on 16 March 2022.
It takes effect only when the Tax Code is amended for virtual assets, and that has not happened yet (dtkt.ua, 16 September 2025).

2. The bill that would change this has not passed.

Bill No. 10225-d passed its first reading on 3 September 2025, with 246 votes (Kyiv Independent).
As of 20 October 2026 it had not passed the second reading (Liga.net).
Ukraine was meant to adopt it by the end of September 2026 under its IMF programme. It now has to pass the law by the end of the year to meet its obligations to the EU.

3. Proposed tax on crypto.

The first-reading text proposes 18% income tax plus 5% military levy on income from virtual assets, with a preferential 5% rate in a transition period (Kyiv Independent, 3 September 2025).
The details may change before the second reading.

4. Foreign income today.

Ukrainian tax residents declare foreign income in the annual tax return. They pay 18% personal income tax and 5% military levy on it (State Tax Service guidance, reported by dtkt.ua on 9 October 2026).
The military levy for individuals rose from 1.5% to 5% on 1 December 2024 (Law No. 4015-IX).

5. An FTX claim is not a token. It is a claim in a US bankruptcy case. Ask a Ukrainian tax adviser how a sale of the claim is taxed in your case.

Who is buying your claim

PAXTIBI LLP, a limited liability partnership registered in England and Wales in 2023, company number OC449662. Registered office: 27 Old Gloucester Street, London WC1N 3AX; branch in Dubai.
Run by its two founding partners, named with their backgrounds on our About page.
Rated 4.6/5 from 19 reviews on Trustpilot.
Listed as a creditor in the FTX Chapter 11 case (No. 22-11068, US Bankruptcy Court, District of Delaware): see the court record.
Videos from the founders on our YouTube channel.
We never ask for upfront fees, private keys, seed phrases or passwords.

FAQ

Can residents of Ukraine receive FTX distributions in 2026?

Not directly. As of 1 October 2026, Ukraine is on FTX's list of jurisdictions that are not eligible for distributions, so Step 8 of the portal offers no provider. The claim itself remains; FTX says the distribution is deferred.

Why is Ukraine on FTX's list if Payoneer works in Ukraine?

FTX has not published its reasons. Payoneer serves Ukraine, and Kraken's terms name only the Crimea, Donetsk and Luhansk regions, so the block comes from FTX's own list. FTX says it is continuing to assess eligible jurisdictions but has given no date.

What is the deadline for FTX creditors in Ukraine?

FTX's FAQ says a holder who does not complete Step 8 within six months from the 31 July 2026 distribution date may forfeit their right to receive distributions on the claim. That is about 31 January 2027. FTX has not said how this applies when a country is blocked.

I left Ukraine and now live in the EU. Am I restricted?

FTX looks at your country of residence in KYC, not your passport. If the EU country is your genuine residence and your KYC shows it, FTX's restriction for Ukraine does not apply to you. Email KYC-Support@ftx.com to update your jurisdiction; the provider still runs its own checks.

Can I sell an FTX claim from Ukraine?

Yes. Paxtibi buys claims from residents of Ukraine. The transfer is filed with the US court under Bankruptcy Rule 3001(e), and you are paid at signing. If you prefer to keep the value of future distributions, payment processing is the alternative.

Sources

This page is general information, not legal or tax advice. Paxtibi buys FTX claims and offers payment processing, so we have a commercial interest in the options described.

FTX payouts in Ukraine: why Step 8 is blocked and what you can do

Key facts