FTX Recovery Trust freezes payouts to 49 countries pending legal clearance, China faces biggest hit

The FTX Recovery Trust informed the Delaware bankruptcy court that it will treat creditor claims from 49 foreign jurisdictions as disputed, as local rules prohibit either crypto trading or the use ...

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FTX Recovery Trust freezes payouts to 49 countries pending legal clearance, China faces biggest hit

Source: CryptoSlate

The FTX Recovery Trust informed the Delaware bankruptcy court that it will treat creditor claims from 49 foreign jurisdictions as disputed, as local rules prohibit either crypto trading or the use of distribution agents. According to a July 2 filing shared by FTX Creditor advocate Sunil Kavuri, the trust stated it cannot release funds to […]