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Over 500 Chinese Creditors Challenge FTX's $470 Million Payment Freeze in US Court
Summary: According to Cryptoslate, over 500 Chinese creditors have raised concerns in a US court regarding FTX's $470 million payment freeze, with more and more Chinese creditors facing off against FTX in American courts. A Chinese creditor named Will, who hired a US lawyer, stated in an interview that over 500 Chinese creditors are organizing a ...
According to Cryptoslate, over 500 Chinese creditors have raised concerns in a US court regarding FTX's $470 million payment freeze, with more and more Chinese creditors facing off against FTX in American courts. A Chinese creditor named Will, who hired a US lawyer, stated in an interview that over 500 Chinese creditors are organizing a response to FTX's decision. These creditors believe that FTX has violated early promises, as they were previously informed that by submitting claims and voting in support of the restructuring plan, they would be entitled to distributions like other users, but are now being denied compensation due to nationality or legal uncertainties.
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Link: Over 500 Chinese Creditors Challenge FTX's $470 Million Payment Freeze in US Court [Copy]
