by: xpoolPosted on:

FTX Bankruptcy: Recovery Trust Drops Bid to Restrict Foreign Payouts

The FTX bankruptcy process has taken a significant step forward with the withdrawal of a motion aimed at limiting creditor disbursements in certain foreign countries. The FTX Recovery Trust, responsible for recovering assets for distressed investors, has abandoned its plan to restrict payouts based on legal complexities or restrictions imposed by specific countries like China and Russia. This decision comes amidst mounting pressure from creditors and legal challenges to the original request.

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