🚨 FTX Victims in China & 48 Other Jurisdictions at Risk of Losing Claims

🏛 As part of its bankruptcy proceedings, FTX has filed a motion in U.S. court that could deny claims from users in 49 crypto-restricted regions, with China accounting for 82% of affected claims.

⚖️ Due to national crypto bans, FTX will only honor these claims if local legal counsel confirms payouts are allowed under regional laws. If not, claims may be disputed or denied entirely.

📉 For thousands of users, especially in China, this could mean no recovery of funds — a devastating outcome for those already caught in FTX’s collapse.

🔍 This development highlights the critical role of regulatory clarity in global crypto markets — and the risks investors face in legally ambiguous jurisdictions.

#FTX #CryptoRegulation #Blockchain #DigitalAssets #GlobalFinance

https://coingape.com/ftx-deny-claims-china-restricted-jurisdiction/?utm_source=bnb&utm_medium=coingape