According to TechFlow news on July 22, as reported by Cointelegraph, the FTX bankruptcy management team is seeking an extension from the Delaware court to respond to over 90 objections to its proposal to suspend repayments to 'restricted foreign jurisdictions.' This proposal affects creditors in 49 countries, involving a total of approximately $470 million in claims, with Chinese creditors making up the largest share at 82% (about $380 million).

The FTX team stated that repaying creditors in these countries could trigger fines, personal liability, or even criminal penalties. However, several creditors strongly opposed this, believing it could render their claims worthless. According to FTX creditor Sunil Kavuri, there are still about $1.4 billion in FTX claims awaiting resolution.