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FTX Creditors' Representative: Chinese Users May Potentially Lose Claim Rights

Summary: According to reports, FTX creditors' representative Sunil posted on X platform stating that FTX is seeking legal advice to distribute to restricted foreign jurisdictions. However, if it is determined that users belong to restricted foreign jurisdictions, claims will be disputed, and if the issue is not resolved, users will lose distribution rights. Sunil mentioned that ...

According to reports, FTX creditors' representative Sunil posted on X platform stating that FTX is seeking legal advice to distribute to restricted foreign jurisdictions. However, if it is determined that users belong to restricted foreign jurisdictions, claims will be disputed, and if the issue is not resolved, users will lose distribution rights. Sunil mentioned that 5% of claims involve restricted countries, and 82% of claim funds belong to Chinese users.

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