Sunil Kavuri, a key representative of one of #FTX's creditor groups, has provided a new update regarding countries excluded from receiving repayments from the defunct exchange.
In a recent post on X, Kavuri revealed that FTX creditors from nations such as Nigeria, Russia, Saudi Arabia, Ukraine, China, Iran, and Egypt are not eligible for payouts through the exchange's current distribution partners, Bitgo and Kraken.
This update comes despite FTX previously acknowledging that users from these countries might have accounts on these platforms. However, the exchange later reversed its stance, publishing a list of countries ineligible for compensation through Kraken and Bitgo.
The revised list, updated on January 16, 2025, includes 163 jurisdictions, such as Russia, Nigeria, Ukraine, China, Egypt, Iran, and Saudi Arabia, which are excluded from FTX payouts via these providers.
FTX has stated that it is continuing to review eligible regions and plans to update the portal with any future changes to the list of countries eligible for compensation.
