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FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Summary by Crypto Digital Currency News ©
Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For…
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Crypto Digital Currency News ©Crypto Digital Currency News ©

FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For…

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CoinjournalCoinjournal

FTX claims: Creditors in Russia, China, Ukraine among those temporarily unable to participate

FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has begun its creditor repayments that could see more than $16 billion go to eligible creditors across the globe. However, as FTX creditor Sunil Kavuri noted in a post on X on Feb. 21, the bankrupt crypto exchange is temporarily unable to process distributions …

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Coinjournal broke the news in on Friday, February 21, 2025.
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