FTX claims amount to $11 billion, with $1.4 billion still unresolved. Restricted claims include $470 million due to sanctions, predominantly from Chinese creditors.
FTX's creditor representative reveals $11 billion in total claims, with $380 million held by Chinese investors, highlighting the fallout from the exchange's collapse.
FTX creditors update reveals Chinese investors hold $380M in claims, part of a total $11B allowed claims.
FTX's creditor representative reports total allowed claims nearing $11 billion, with $470 million in judicially restricted claims.
This week's crypto roundup features Trump's $620 million crypto holdings, Ripple's SEC settlement, and FTX's repayment issues in 49 regions.
This week's crypto news covers major Bitcoin movements, strategic courtroom actions, and cross-border hacks.
FTX's new claims process could exclude creditors in 49 countries with crypto restrictions.
FTX's compensation plan may mitigate legal risks for Chinese creditors, says crypto influencer.
The 2022 crypto winter saw significant collapses and fraudulent activities, leading to the downfall of FTX, Terra-Luna, Celsius, and Three Arrows Capital. Key figures like Sam Bankman-Fried, Caroline Ellison, Do Kwon, and Alex Mashinsky faced legal consequences. The industry is recovering, but the impact endures.
FTX proposes freezing payouts to creditors in 49 countries with restrictive crypto laws, sparking potential legal action, especially from Chinese creditors.
FTX proposes a claims process for users in restricted regions like China to address crypto repayments' legal complexities.
FTX initiates a claims process for users in 49 jurisdictions, with major disputes from China, spotlighting global regulatory challenges in crypto asset recovery.
FTX seeks to freeze $500M in creditor claims from countries with restrictive crypto laws to ensure legal compliance.
FTX halts creditor repayments in regions with legal cryptocurrency restrictions, impacting mainly Chinese users.
FTX's bankruptcy estate is evaluating legal risks related to distributing Bitcoin payouts to creditors in nations with strict cryptocurrency restrictions, like China and Russia.
FTX's bankruptcy estate seeks court intervention to freeze payouts in restricted countries like China due to legal uncertainties.
FTX halts payments to creditors in 49 countries, including China and Russia, sending shockwaves.
Legal complexities involving Bitcoin and FTX's impact on jurisdictions and creditors.
FTX seeks court approval to cancel claims for creditors in crypto-banned regions.
FTX's collapse led to the FTX Recovery Trust's efforts to settle debts, facing new challenges in this process.
FTX Recovery Trust encounters legal challenges in 49 countries for creditor settlements. Creditors have 45 days to raise objections if classified as restricted by the Trust.
FTX seeks court approval to dispute claims from restricted jurisdictions, with Chinese users making up 82% of total value despite forming only 5% of allowed claims.
FTX halts payments to creditors in 49 regions, raising concerns in crypto finance.
FTX Recovery Trust encounters challenges with claims in 49 countries.
FTX Recovery Trust seeks to classify claims from 49 countries with crypto bans as "disputed" in Delaware's bankruptcy court.
FTX freezes $500 million in distributions to 49 countries, including China, due to crypto restrictions.
FTX's bankruptcy proceedings impose severe recovery restrictions on users in 49 jurisdictions, with Chinese claimants most affected.
FTX bankruptcy filings reveal users in 49 countries may be excluded from compensation due to local crypto laws.
FTX Recovery Trust warns that payouts might be forfeited in restricted jurisdictions like China and Russia.
