FTX creditors tweeted on behalf of Sunil that FTX announced a 5% limit on claims in 49 restricted jurisdictions, with Chinese users accounting for 82% of the total value of the affected funds. The reason for the restriction involves local laws banning cryptocurrency trading or distributors from operating.
FTX will seek legal advice on whether funds can be allocated to these regions, and if it is determined that users are from restricted regions, their claims will be disputed and may be forfeited.
FTX creditor representative: China and other regions restricted by crypto policies may lose their claims rights
2025-07-04 02:19:11
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