Breaking: FTX Victims At Risk Of Losing Claims In China and Other Restricted Jurisdictions

Breaking: FTX Victims At Risk Of Losing Claims In China and Other Restricted Jurisdictions

Chinese FTX users, who represent a staggering 82%

FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of ...

FTX Wants to Block Claims from 49 Countries, Including China: Users Rage – MAXBIT

Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions. This could disproportionately impact Chinese users, who reportedly represent 82% of the affected claim value. Navigating Legal Minefields in Restricted Jurisdictions The FTX proposal, detailed...

FTX Wants to Block Claims from 49 Countries, Including China: Users Rage

Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions. This could disproportionately impact Chinese users, who reportedly represent 82% of the affected claim value. Navigating Legal Minefields in Restricted Jurisdictions The FTX proposal, detailed in a July 2 court filing, is seeking authorization to designat…

FTX Bankruptcy May Exclude Users in 49 Regions, Most Claims from China

FTX froze payouts in 49 areas where crypto laws block legal fund transfers. China holds the largest share of frozen claims, with over 82 percent of the total. Creditors must object within 45 days or risk automatic forfeiture of their claims. The FTX Recovery Trust has paused payouts in 49 countries due to legal barriers and will resume distributions once the necessary approvals are obtained. The affected jurisdictions include China, Nigeria, Fij…

Bitcoin and the FTX case: effect on restricted jurisdictions

The post Bitcoin and the FTX case: effect on restricted jurisdictions appeared on BitcoinEthereumNews.com. In the landscape of digital assets, Bitcoin is often in the spotlight, but the FTX case in recent months is raising crucial issues about the repayment methods for creditors worldwide, particularly in the so-called “restricted jurisdiction markets.” The legal proceedings of FTX, with a particular focus on claims originating from China, are d…