FTX has officially withdrawn its motion to limit payouts in 49 restricted jurisdictions, including China, Russia, Ukraine, Saudi Arabia, and Pakistan. The motion, which was withdrawn on November 3, could have led to the forfeiture of claims totaling approximately $800 million, with 82% of these claims originating from China. This withdrawal is seen as a temporary victory for creditors. Despite the withdrawal, FTX retains the right to refile the motion in the future.
FTX Withdraws Motion to Limit Payouts in Restricted Jurisdictions
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