#FTX #Chinese

🚨 FTX’s Chinese users, holding 82% of claims from restricted regions, face losing funds due to China’s crypto ban. FTX seeks U.S. court approval for a new claims process in 49 jurisdictions, requiring legal confirmation for payouts. If not permitted, claims may be disputed or denied. Chinese creditors are gearing up for legal action, arguing they can legally hold crypto and USD overseas. 💸