FTX

FTX creditors across 49 restricted jurisdictions, including major crypto markets like China and Russia, now face the risk of losing claims worth approximately $825 million, according to new updates in the ongoing bankruptcy proceedings.
The latest notice sets a 45-day objection window for affected users to contest the disputed claims. If creditors fail to act within this timeframe, the unresolved claims will be voided and returned to the FTX liquidation trust, which will then redistribute the funds to other eligible claimants.
China’s creditors stand to lose the most — 82% of the disputed claim value originates from China alone. Local legal restrictions are the main hurdle, as the country’s strict ban on cryptocurrency trading conflicts with FTX’s claims payout process.
The risk stems from regional laws prohibiting or severely restricting digital asset trading and distribution. These restrictions have forced the bankrupt crypto exchange to classify related claims as “disputed” under local compliance requirements.
Sunil Kavuri, a vocal advocate for FTX victims, is sounding the alarm on social media platforms like X (formerly Twitter), urging impacted creditors to file objections before the window closes.“FTX: Restricted countries disputed claims in 49 jurisdictions — only 5% allowed claims, 82% of value in China due to laws prohibiting crypto trading,” Kavuri wrote, emphasizing the dire consequences for those unable to challenge the decision in time.
This development adds fresh urgency to the FTX saga, which has left thousands of global users scrambling to recover billions after the exchange’s dramatic collapse in late 2022.
For now, creditors from China, Russia, and other impacted regions must act swiftly to protect their claim rights or risk being permanently locked out of any future payouts.
The post appeared first on CryptosNewss.com
#FTX $FTT

Thousands of FTX users hoping for reimbursement now find themselves in a legal gray area. FTX Recovery Trust has announced the suspension of payouts to creditors in 49 jurisdictions where cryptocurrency activity is restricted or outright banned.
According to a court filing dated July 2, affected countries include China, Nigeria, Fiji, Andorra, and Zimbabwe. While only 5% of approved claims come from these regions, a staggering 82% of the frozen funds originate from China alone.

🔒 “Hold and Review” – FTX Plays It Safe
The company has implemented a "Hold and Review" process that automatically marks claims from these countries as "disputed." Payouts will only be released if legal counsel confirms they don’t violate local laws. Affected creditors will receive a “Restricted Jurisdiction Notice” explaining the reasons for the block and giving them at least 45 days to file an objection.
However, the move has sparked criticism – particularly from users who have since moved to crypto-friendly countries yet remain unable to access their claims.

⚔️ Legal Pushback: Chinese Creditors Prepare to Fight
A Chinese creditor using the handle Will的折腾纪 (@zhetengji) revealed he is launching legal action against FTX. He argues that the freeze is unjustified, as Chinese law does not prohibit holding crypto or USD assets abroad. Since FTX pays out claims in U.S. dollars, he questions why bank transfers are not allowed. He urges other affected users to join him in challenging the decision.

📉 Disputed Claims Shrink – But Billions Still Frozen
FTX also provided a positive update: the total value of disputed claims has dropped from $6.5 billion to $4.6 billion. About $1.8 billion in previously disputed claims have been approved, with another $2.7 billion expected to be greenlit soon.
Still, the uncertainty remains: until legal clarity is reached in all affected jurisdictions, billions of dollars will remain in limbo – leaving thousands of creditors waiting.

#FTX , #crypto , #Regulation , #CryptoCommunity , #CryptoNews

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Thousands of former clients of the collapsed exchange FTX may lose their claims—especially those from China. Legal barriers linked to crypto bans in certain regions are threatening potential payouts, with a striking 82% of all restricted jurisdiction claims coming from Chinese users.
To address this, FTX has filed a motion with the U.S. bankruptcy court, requesting approval for a new process to handle claims from 49 “restricted jurisdictions.” Under the proposed system, claims would only be honored if legal representatives confirm that payouts are lawful under local regulations. If not, these claims may be disputed—or outright denied.

Legal Limitations: 49 Countries, One Question – Is Payout Legally Possible?
FTX is currently handling claims from users in 49 jurisdictions where crypto is either heavily restricted or outright banned. Although these regions account for only 5% of total allowed claims, a massive 82% of them originate from China, where crypto trading has been officially banned since 2021.
In May, FTX entered its second repayment phase and distributed $5 billion to creditors. Now, the platform faces the challenge of dealing with claims from countries where cross-border payouts may not be legally permitted.
If lawyers confirm that payouts do not violate local law, FTX will proceed. However, if a claimant remains in a banned jurisdiction, the claim may be formally challenged and potentially voided. Those affected may lose their right to any distribution entirely.

Chinese Users Push Back and Seek Legal Support
Chinese creditors are responding—and they're not backing down. Many are reaching out to lawyers and preparing legal challenges against claim rejections.
One user, known as Will, posted:
“I’ve contacted my attorney in New York and await her response. I will file objections at every stage. While mainland China bans crypto trading, citizens can still hold digital assets. The law recognizes them as commodities.”
He also questioned why payouts—processed in USD—are being blocked for Chinese residents, even though they're legally allowed to hold foreign currency abroad.

🧾 A Way Out? Selling or Transferring Claims to Another Jurisdiction
Another creditor asked if there's any alternative. Well-known FTX creditor advocate Sunil replied:
“Unfortunately, it looks like they've made their decision. In the worst-case scenario, claimants can sell or transfer their claims to a permitted jurisdiction.”
This may not only affect users in China, but also those in other regions deemed problematic by FTX due to legal uncertainties.

#FTX , #crypto , #DigitalAssets , #Cryptolaw , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

简单粗暴版：FTX破产团队刚刚向法院申请了一项骚操作，要求对全球49个国家和地区的债权人（包括中国大陆、中国香港、俄罗斯、越南等）启动 “受限处理程序” 。翻译成人话就是：“这些地方的债主们，你们的赔偿金我们不打算好好发了，甚至可能一分不给！”
我的观点与暴击案例：
兄弟们，这不是普通程序调整，是系统性剥夺！破产清算中“受限地区”= 法律弃民。核心逻辑就两条：
“成本太高” ：FTX声称向这些地区发钱要经过复杂法律程序（比如中国外汇管制），操作成本可能超过债务本身；
“法律障碍” ：甩锅给当地政策（比如某些国家禁止公民参与境外破产索赔）。
血淋淋的案例🌰： 还记得2020年加密货币借贷平台Cred破产吗？当时美国用户拿回72%资金，而中国债权人因被划为“受限地区”仅获赔5%！直接脚踝斩！
更讽刺的现实🌰： 某些国家用户当初KYC（身份认证）时被FTX当“优质客户”，如今赔钱时秒变“法律弃子”——这根本不是技术问题，是赤裸的成本切割！
深层意图预警：
FTX这招有三重算计：
加快赔款速度：甩掉“难搞”的小额债权人，优先安抚美国大机构（如贝莱德、索罗斯基金）；
减少总赔偿额：49国债权人债务或直接归零，省下的钱进自己口袋；
杀鸡儆猴：逼迫其他地区债权人接受更低赔偿比例（“再闹连5%都没有！”）。
债权人紧急行动指南：
立刻查名单：FTX官网公示49地清单（含中国香港/大陆），对号入座；
找组织抱团：脸书/电报搜“FTX债权人联盟”，集体雇佣律师对抗；
死磕法律漏洞：若曾用海外银行账户/KYC资料，可主张“非受限用户”。
艾尔斯给大家留个钩子：
“如果你是49地‘弃民’，现在只有两条路：躺平认割，或是集结死磕！

$BTC

#FTX #BTC

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2025年7月4日，有文件曝光：#FTX 清算团队 不赔偿「受限国家」用户，其中中国用户竟占申报金额的 82%！📉#大而美法案

因为在国内交易不被认可，这群用户很可能被判定为“非法”，索赔资格被剥夺——钱拿不到，还可能被“合法没收”。社区炸开了锅，直呼这是“美式抢劫”——难道国人连基本公平都没有？#BTC重返11万

📌 谁在操盘？律师费到底有多狠！
重整团队由史上处理安然破产案的 John J. Ray III 领军，还请来了顶级律所 Sullivan & Cromwell（S&C）。

S&C 合伙人时薪可达 2000 美元Ray 本人也要 1300 美元/时彭博数据显示，截止2025年初，FTX Chapter11 破产中，律师费已申报高达2.49亿美元！
这些费用本应属于债权人，却被“专业团队”一刀刀割走——债权人直骂又在走“安然剧本”！
🕵️ 清算操作太奇怪：
这支团队几乎清空了所有优质资产，结果却是低价甩卖，回报惨淡，看得人直气：

其他优质项目也被低价转手给关联基金（如Galaxy、Pantera），之后就狂涨，债权人只能干看！
🧩 合法清算还是“协议式洗劫”？
John Ray 的辩解是“锁定资金、防风险”，但业内质疑：
为什么只甩给熟人？为何折价严重？事后价格狂涨，不合常理。
更讽刺的是：这些律师团队不仅收走天价费用，还在方案里给自己 设了免责条款，就算被质疑“恶意清算”，几乎不可能追责。
😢 对债权人的二次伤害！
FTX 宣布破产后重整用了几年，资产从 145 亿到 163 亿美元陆续拍卖。但如果中国用户索赔失败，这些钱 可能彻底没戏，成了一场没人负责的悲剧。
专业团队分走大头，债权人、尤其是中国散户，只能望 “PDF 界面” 叹气——公平与正义被程序吞噬了。

⚠️ 小总结：
🎭 法律路径看似正规，实则为清算团队“开路募资”。💸 债权人资产大幅折价转手，专业团队分得好处。🚫 中国用户的索赔可能会被判定无效，等于“合法没收”。🚨 律师团队吃香喝辣，债权人却被甩在一边！
这不是简单的破产案，而是 “合法掏空” VS. “专业操盘” 游戏。
债权人们想翻盘？还得等系统能不能照顾到他们……
🗣 你怎么看？
这波 是合法清算，还是“合规下的掠夺”？欢迎留言、转发，让更多人看到！
✍️DYOR，做好风控，愿各位都能币圈扬帆起航！🌊
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