Over 500 Chinese Creditors Challenge FTX, Opposing $470.0 Million Compensation Freeze

According to CryptoSlate, over 500 Chinese creditors are challenging FTX's request to freeze $470.00 million in payments in a U.S. court. These creditors argue that FTX's move violates previous commitments and harms their rights. They point out that FTX clearly stated in its restructuring plan that as long as creditors file claims and vote in favor of the plan, they will receive allocations like other creditors. However, FTX is now attempting to deprive them of their right to compensation, citing "nationality or legal uncertainty." [ChainCatcher]