• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    powell financial optimism art

    Powell Likens Bitcoin to Digital Gold, Sparks Market Activity

    opulent businessman oil painting

    Ricardo Salinas Pliego Allocates 80% Wealth to Bitcoin

    ricardo salinas digital visionary

    Ricardo Salinas Pliego Allocates 80% Wealth to Bitcoin

    ricardo salinas bitcoin visionary

    Ricardo Salinas Pliego Increases Bitcoin Holdings to 80%

    max keiser bitcoin forecast art

    Max Keiser Predicts Bitcoin Surge to $2.2 Million by 2025

    businessman bitcoin sunrise view

    Max Keiser Predicts Bitcoin Reaching $2.2 Million by 2025

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    futuristic hong kong skyline

    China Renaissance Invests $100M in Binance Coin

    evening cityscape oil painting

    China Renaissance to Invest $100M in BNB Ecosystem

    dynamic investment innovation art

    China Renaissance to Invest $100 Million in Binance’s BNB

    modern cityscape growth innovation

    China Renaissance Invests $100M in BNB

    futuristic financial cityscape

    China Renaissance Invests $100M in Binance Coin

    ripple execs strategy session

    Ripple Advances Toward Becoming Full-Stack Financial Services Firm

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

FTX Recovery Trust Freezes Payments in Restricted Jurisdictions

Solomon M. by Solomon M.
July 6, 2025
in Latest News
halted payments abstract scene
Key Points:
  • FTX halts payments in certain jurisdictions.
  • Payments await legal review.
  • Impacts $16.5 billion repayment plan.
ftx-recovery-trust-halts-payments-to-creditors-in-restricted-jurisdictions
FTX Recovery Trust Halts Payments to Creditors in Restricted Jurisdictions

FTX Recovery Trust has stopped payments to creditors in 49 restricted jurisdictions as of its July 2025 court filing.

The event highlights challenges in repaying creditors under legal restrictions, affecting trust and market dynamics.

FTX Recovery Trust, tasked with redistributing funds post-bankruptcy, halted payments to creditors in specific regions. Payment suspensions affect 49 jurisdictions, with China handling 82% of impacted claims. Legal reviews determine eligibility for these funds.

The suspension involves FTX Recovery Trust, established after FTX’s bankruptcy, working within court directions. Payouts are stopped pending legal confirmation in regions such as China, Nigeria, and Pakistan which collectively claim significant portions of the $16.5 billion repayment plan.

The pullback influences individual creditors and broader market sentiment. Creditor representatives express concern for payments frozen by jurisdiction, highlighting risks for those involved in lengthy legal reviews. Institutional and minor retail claimants are affected by the staggered payment process.

The trustee has the last word. The worst case, he said, is that claimants may have to sell or assign their claims to someone in a permitted jurisdiction. — Sunil Kavuri, Creditor Advocate, FTX Recovery Trust

Stakeholder concerns include financial impacts on receiving entities and loss of funds back to FTX Trust. Legal deviations underscore compliance challenges in transnational fund disbursements, affecting policy settings.

Potential outcomes include prolonged legal processes influencing funds’ timelines. The situation emphasizes regulatory challenges in cross-border bankruptcy cases, requiring careful legal navigation and clarity for stakeholders in restricted nations.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

FTX Restrictions Affect Creditors in 49 Jurisdictions

Next Post

FTX Recovery Trust Halts Payouts in 49 Jurisdictions

Solomon M.

Solomon M.

Related Posts

futuristic crypto cityscape oil

China Renaissance to Invest $100M in BNB

by Solomon M.
August 24, 2025

China Renaissance signs MoU for $100M investment in BNB, marking significant crypto adoption by Hong Kong-listed firm.

high tech finance discussion art

China Renaissance to Invest $100M in BNB Ecosystem

by Adriana M.
August 24, 2025

China Renaissance to invest $100M in Binance Coin and BNB Chain, marking a precedent for Hong Kong firms.

mark carney ukraine visit 2025

Mark Carney Visits Ukraine on Independence Day

by Adriana M.
August 24, 2025

Mark Carney, Canada's PM, visits Ukraine for Independence Day, reinforcing Canadian support amidst the Russia conflict.

carney ukraine aid announcement

Mark Carney Visits Ukraine, Strengthens Canadian Support

by Solomon M.
August 24, 2025

Mark Carney, Canada's Prime Minister, visits Ukraine on Independence Day to reinforce Canadian support and announce military aid.

mark carney ukraine visit oil painting

Mark Carney’s Diplomatic Mission to Ukraine: Strengthening Ties and Announcing Military Aid

by Solomon M.
August 24, 2025

Mark Carney visits Ukraine as Canada's PM to strengthen ties, announce military aid.

confident businessperson crypto art

Bitmine’s Alleged ETH Purchase Unverified by Official Sources

by Adriana M.
August 24, 2025

The reported $45.6M ETH acquisition by Bitmine lacks evidence, contradicting official sources.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.