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FTX Recovery Trust says payouts may be forfeited in ‘restricted’ jurisdictions like China and Russia
The FTX Recovery Trust submitted a motion requesting the court to authorize the estate to implement new measures to distribute creditor claims in restricted jurisdictions overseas. The trust has identified 49 potentially restricted foreign jurisdictions, which include China, Russia, Ukraine, Pakistan and Saudi Arabia, according to the Wednesday filing. The claims in the 49 jurisdictions represent 5% of the estimated $16 billion in potential claims. Moreover, 82% of the value in potentially restricted regions are in China, the filing added. The filing said the proposed "Restricted Jurisdiction Procedures" filing ... (full story)
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