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The FTX Recovery Trust has halted payouts to creditors in 49 countries due to legal restrictions on crypto trading or distribution agents. China, Nigeria, and Zimbabwe are among the affected jurisdictions, with China holding the majority of frozen claims. Creditors must comply with US court jurisdiction to dispute the freeze.
- FTX Recovery Trust freezes payouts to creditors in 49 countries, including China and Nigeria, due to local legal restrictions.
- Creditors must object within 45 days via a sworn statement accepting US court jurisdiction or forfeit claims.
- China holds 82% of the frozen claims' value, highlighting the significant impact on its affected users.
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