💸 FTX Starts Paying Back – But Is Your Country on the Blocked List? 🇸🇦🇨🇳 🇷🇺
It’s real: FTX is now repaying creditors after two years of legal chaos.
🔁 $5B+ in repayments is now in motion. Some users will even receive up to 118–120% of their claim value in fiat (based on prices at the time of the collapse).
✅ Payouts via Kraken and BitGo
📎 To qualify: KYC, tax docs, verified claims
But here’s the twist…
🚫 Blocked regions (no payouts – yet):
🇸🇦 Saudi Arabia
🇨🇳 China
🇳🇬 Nigeria
🇮🇷 Iran
🇪🇬 Egypt
🇷🇺 Russia
⚠️ Users from these countries can’t currently access payouts through the approved platforms — even if their claims were approved.
📊 The numbers:
– $14.7B to $16.5B raised for repayments
– All in USD, fiat value at bankruptcy date
🧠 Why it matters:
– FTX is setting a precedent for how failed exchanges might handle payouts
– But it also shows how geopolitics can still freeze your crypto
– Even decentralized believers need centralized bridges — and they come with conditions
📌 What to do:
– Stay updated via FTX’s official site
– Monitor for announcements about alternative payout options
– Double-check that your country isn’t on the list 🧐
