LIVE
Cathie Wood Questions OUSD's Chances Against USDT and USDC◆PYUSD on Polygon: PayPal Adds Native Issuance◆SWIFT Shared Blockchain Ledger Launches With 17 Major Banks◆Swift Launches Blockchain Ledger for 24/7 Global Payments: Report◆EU Officials Plan MiCA Revision to Expand Rules for Non-EU Stablecoin Issuers◆Hyundai Card Completes First Stablecoin-Based Cross-Border Intercompany Payment Test◆Bitcoin Falls Below $62,000 as Selling Pressure Builds◆Ripple-Backed t54.ai Launches XRP Ledger AI Hub◆CFTC Accuses Fund Manager of Hiding Crypto and Futures Losses Behind Fake Investor Returns◆BNB Chain Plans New Layer 1 Blockchain for Agentic Trading◆Cathie Wood Questions OUSD's Chances Against USDT and USDC◆PYUSD on Polygon: PayPal Adds Native Issuance◆SWIFT Shared Blockchain Ledger Launches With 17 Major Banks◆Swift Launches Blockchain Ledger for 24/7 Global Payments: Report◆EU Officials Plan MiCA Revision to Expand Rules for Non-EU Stablecoin Issuers◆Hyundai Card Completes First Stablecoin-Based Cross-Border Intercompany Payment Test◆Bitcoin Falls Below $62,000 as Selling Pressure Builds◆Ripple-Backed t54.ai Launches XRP Ledger AI Hub◆CFTC Accuses Fund Manager of Hiding Crypto and Futures Losses Behind Fake Investor Returns◆BNB Chain Plans New Layer 1 Blockchain for Agentic Trading◆
Friday, July 10, 2026

BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM

Homepage/News/FTX Payouts Frozen in 49 Countries Amid Legal Issues
NEWS

FTX Payouts Frozen in 49 Countries Amid Legal Issues

BY Joshua Trelawen·1 MIN READ·JULY 4, 2025

FTX Recovery Trust has halted payouts in 49 countries, including China, due to legal restrictions, freezing significant assets.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
1Key sections mapped in this report
0Internal references connected to related coverage
1External source domains cited in the article
1 minEstimated time to read the full report
Key Points:
  • FTX freezes $500M payouts in 49 countries.
  • Legal constraints cause compensation halt.
  • Chinese users impacted, pursuing legal actions.
ftx-payouts-frozen-in-49-countries-amid-legal-issues
FTX Payouts Frozen in 49 Countries Amid Legal Issues

The halt in FTX payouts demonstrates significant legal challenges affecting global cryptocurrency recoveries.

FTX Recovery Trust announced a freeze on crypto payouts to users in 49 countries due to legal barriers. This impacts approximately $500 million in assets, with users in China comprising a substantial portion of claims.
Key players include the FTX Recovery Trust, responsible for overseeing the payout process, and legal representatives of users challenging the restrictions, particularly in China and the U.S. Legal actions have been initiated by affected users seeking compensation for their frozen assets.
The market reaction has been marked by concern, as user assets including Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies are held back. The financial implications are significant, with users unable to access their holdings, causing potential financial distress.
Experts predict potential financial and regulatory challenges due to the freeze. Legal proceedings might delay recovery, with historical trends pointing towards lengthy dispute resolutions in previous crypto bankruptcies. Data supports prolonged timelines in such cases.
“I’ve already contacted my lawyer in New York and am waiting for her response. I will definitely take action and will raise objections at every stage.” — Will, Affected Creditor User
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.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: twitter.com
  • Byline - Reported by Joshua Trelawen
  • Coverage Desk - Primary editorial category: News
  • Media Asset - Featured image served from the WordPress media library
NEWS

More from News