FTX Hearing Minutes: Allowing Creditors in Restricted Jurisdictions to Transfer Claims to Non-Restricted Jurisdictions

The account FTX Historian, which tracks FTX bankruptcy and compensation, posted a summary of last night's FTX hearing on X. The core content of the hearing was: For creditors in "restricted jurisdictions" (such as China), their funds will not be immediately confiscated as proposed in the original FTX recovery plan, but creditors will be allowed to transfer to non-restricted jurisdictions. FTX Historian added that this may be a way for affected creditors, such as those who completed KYC in China but now reside in other jurisdictions such as Singapore, to realize their claims, although it may require further information updates and more time costs. [Odaily Planet Daily News]