Tag Archives: Ethereum

Chinese Creditors Fight FTX Bid to Block Billions in Payouts

  A group of Chinese creditors is challenging FTXโ€™s latest bankruptcy motion, which seeks to restrict fund distributions to users in certain jurisdictions where cryptocurrency regulations are ambiguous or prohibitive. The legal dispute centers on the bankrupt crypto exchangeโ€™s proposed exclusion of users in 49 countriesโ€”including China, Russia, North Korea, and Moroccoโ€”from its payout plan, citing potential regulatory risks. Key …

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