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FTX Hearing Summary: Restricted Jurisdiction Creditors Allowed to Transfer Claims to Non-Restricted Jurisdictions for Compensation
Summary: FTX Historian, an account tracking FTX bankruptcy and compensation updates, summarized the FTX hearing from last night. The core of the hearing was that for creditors in 'restricted jurisdictions' such as China, their funds will not be immediately confiscated as proposed in FTX's original recovery plan, but instead they will be allowed to transfer to ...
FTX Historian, an account tracking FTX bankruptcy and compensation updates, summarized the FTX hearing from last night. The core of the hearing was that for creditors in 'restricted jurisdictions' such as China, their funds will not be immediately confiscated as proposed in FTX's original recovery plan, but instead they will be allowed to transfer to non-restricted jurisdictions. FTX Historian added that for affected creditors, such as those who completed KYC in China but now reside in other jurisdictions like Singapore, this could be a path to claim compensation, although it may require further information updates and more time costs.
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Link: FTX Hearing Summary: Restricted Jurisdiction Creditors Allowed to Transfer Claims to Non-Restricted Jurisdictions for Compensation [Copy]
