FTX is pursuing court approval to address claims from 49 jurisdictions facing legal restrictions on crypto trading. Despite representing only 5% of allowed claims, Chinese users make up 82% of the total claims value, complicating the recovery process for creditors.
Chinese creditors are launching legal arguments against being categorized within restricted jurisdictions, contending they can hold digital assets. As these legal processes unfold, the FTX Recovery Trust will consider claims from these areas as disputed until further legal insights are provided.
Leave a Reply