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FTX Creditor Representative: 82% of FTX's Restricted Claim Funds are from Chinese Users; If Restrictions Are Confirmed, Claim Funds May Be Seized

By: theblockbeats.news|2025/07/04 03:06:47

BlockBeats News, July 4th, FTX creditor representative Sunil posted on social media, stating that in the claims from FTX restricted countries, 82% of the claimed funds belong to Chinese users. However, cryptocurrency trading is currently not allowed in China, and there are no authorized distributors.

According to the documents provided by Sunil, FTX will seek legal advice. If it is possible to distribute to potential restricted foreign jurisdictions, it will do so. If it is determined that residents belong to a restricted foreign jurisdiction and there is a dispute over the claims, the distribution may be confiscated.

Coinbase is planning a system upgrade on August 2nd

REX-Osprey SOL Spot ETF saw a net inflow of $11.4 million yesterday.