The Creditor FTX community is awaiting a ruling next week that can allow FTX Estate Estate Payse Growze Bays for creditors in “restricted countries”, including China.
On Tuesday, the US bankruptcy court in Dilayer is expected to rule at a request that could be allowed FTX Estate To block payments for creditors in 49 countries She was described as “restricted judicial states.”
If the court agrees to the request, the affected creditors warn of “devastating consequences” that can extend beyond the FTX case.
“This suggestion is not only related to creditors at FTX. He puts a dangerous precedent that can destroy confidence in the global ecosystem for encryption.”
The “restricted” countries that are not determined by the court
According to Ji, the approval of the potential court on the FTX ESTATE proposal in relation to countries restricted can become a record bankruptcy bankruptcy.
“In cases of future bankruptcy, any exchange file abroad in the United States can copy FTX – unilaterally like China as” limited states “, benefiting from the assets of users, and refusing the legal.”
“The lists of” restricted “are not determined by the judges. They only need to employ a lawyer to write a note – that’s all.”
Dozens of objections
Since the drug ftx foot The suggestion on July 2 suggested about 40 objections starting from Friday at 11:00 am UTC, according to the court records reviewed by Cointelegraph on Kroll.
The actual number may be much higher. According to Ji, members of the Chinese creditors community were martyred with up to 69 objections.
Most objections arise from the Chinese FTX creditors, which include more than half of the total deposits, Including objections from J.
This is compatible with China, which represents 82 % of the total value of demands that are likely to be affected by the judicial states called “restricted”.
Comments from the Kingdom of Saudi Arabia and more
Regardless of Chinese creditors, the list of objections includes the presentation of at least one from the Kingdom of Saudi Arabia, written by Faisal Saad Al -Miri.
“By classifying the owners of claims in some countries as not qualified for the distributions, the plan is uniquely distinguished. My country does not prohibit the ownership of the cryptocurrency or trading, and organizational concerns are speculation and not a legal basis that is valid for depriving him of recovery,” this decides to intercept Malairi.
The objection list also includes multiple files of unlimited countries, including those foot Written by Oksana Kozlov, Amanwell Giorgis and more.
Movement effect on Croded FTX claims
The movement’s news has sparked fluctuations in Croditer FTX claims, which specifically relate to the relevant judicial states.
“We have noticed a sharp decrease-between 20 % to 30 %-on pricing the claims arising from the so-called restricted judicial states,” said Federico Natalie, a partner at the Poxepi platform that focuses on bankruptcy claims.
Related to: The encryption payments abroad may be legal despite the local ban in many countries
He said that Bacci is estimated that more than $ 5.8 billion in FTX claims was sold by customers for credit focus.
“The price provided is, in my opinion, not very friendly,” G, G He said In another post in X on Friday, referring to the ftx claim buyers such as FTXCREDITOR.com. “For me, I am still fighting to obtain what we really deserve – not to be forced to sell our claims.”
According to FTX Sunil Kavuri, there are still $ 1.4 billion of FTX claims pending the decision, with $ 380 million from China and $ 660 million in disputed claims.
Yuri Bressov, founder of Cryptomap, told Cointelegraph that the decision to sell the claim depends on risk tolerance to each person, access to information and understanding the legal process.
“The biggest point is: When claims become a currency, legal accuracy becomes strategic. FTX is only one case in a new era of global digital bankruptcy,” he said.
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