FTX Historian, an account that tracks FTX bankruptcies and payouts, summarised last night's FTX hearing in an X post. The core content of the hearing was that creditors in "restricted jurisdictions" (such as China) would not have their funds confiscated immediately, as proposed in FTX's original recovery plan. Instead, creditors would be allowed to transfer to unrestricted jurisdictions.
FTX Historian added that for affected creditors, such as those who have completed KYC in China but now live in other jurisdictions such as Singapore, this could be a path to achieving claims, although it may require further information updates and more time costs.
FTX Hearing Minutes: Allowing Creditors in Restricted Jurisdictions to Transfer to Unrestricted Jurisdictions for Claims
2025-07-23 03:49:00
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