According to Cointelegraph, FTX's receivership team is seeking an extension from the Delaware court in response to more than 90 objections to its "restricted foreign jurisdiction" repayment moratorium proposal. The proposal affects creditors in 49 countries and involves claims totaling about $470 million, with China accounting for the largest proportion at 82% (about $380 million).
The FTX team said repayment to creditors in these countries could trigger fines, personal liability and even criminal penalties. However, several creditors have strongly opposed this, arguing that the move could result in the value of their claims going to zero. According to FTX creditor Sunil Kavuri, there are still about $1.40 billion of FTX claims pending resolution.
FTX seeks extension to respond to creditor objections, 470 million dollars overseas claims or be frozen
2025-07-22 00:27:07
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