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FTX seeks extension to respond to creditor objections, 470 million dollars overseas claims or be frozen

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 that repayment to creditors in these countries could trigger fines, personal liability and even c...

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2025-07-22 00:27:07
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