US EditionFTX Seeks Time to Respond as Creditors Fight Freeze on $470M Foreign Claims
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FTX's bankrupt estate requested more time before Delaware's court to respond to more than 90 objections to its plan to suspend payments in foreign jurisdictions. *** The application seeks to stop repayments in countries with ambiguous or restrictive crypto laws, including China. Chinese residents represent USD $380 million of the total USD $470 million in affected claims. Some creditors fear that the decision will lead their claims to be worth U…
Crucial Delay In $470M Repayment Dispute
The post Crucial Delay In $470M Repayment Dispute appeared on BitcoinEthereumNews.com. The saga of FTX, once a titan in the cryptocurrency world, continues to unfold with new twists and turns, particularly concerning the repayment of funds to its multitude of creditors. Just when it seemed a path to recovery was becoming clearer, a significant hurdle has emerged: a crucial request for delay in the ongoing FTX foreign claims dispute. This develop…
FTX Foreign Claims: Crucial Delay In $470M Repayment Dispute
BitcoinWorld FTX Foreign Claims: Crucial Delay in $470M Repayment Dispute The saga of FTX, once a titan in the cryptocurrency world, continues to unfold with new twists and turns, particularly concerning the repayment of funds to its multitude of creditors. Just when it seemed a path to recovery was becoming clearer, a significant hurdle has emerged: a crucial request for delay in the ongoing FTX foreign claims dispute. This development directly…
FTX Seeks Delay Amid Creditor Backlash Over Payout Freeze - FinanceFeeds
The bankrupt estate of cryptocurrency exchange FTX is asking a Delaware court for more time to respond to a wave of objections challenging its plan to halt creditor repayments in nearly 50 countries. In a filing submitted Sunday, FTX said it received more than 90 objections to its motion, which seeks to stop repayments in countries with unclear or restrictive crypto laws. A hearing is scheduled for Tuesday to weigh the estate’s original request.…
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