On November 4th, according to the Delaware Bankruptcy Court filing, FTX Recovery Trust officially withdrew its previously submitted motion and originally planned to implement "restricted proceedings" in some foreign jurisdictions to advance the implementation of the reorganization plan.
After the court expressed its dissent at the hearing on October 23, the motion was withdrawn unconditionally, marking a phased victory for the rights and interests of the affected creditors. If the process is to be restarted in the future, the motion needs to be resubmitted and the notification procedure needs to be performed.
FTX Restoration Trust Withdraws "Restricted Jurisdiction Process" Motion, Creditors Win Phase Victory
2025-11-04 02:28:14
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