FTX Scraps Plan to Block Customer Repayments in 49 Nations

Collapsed cryptocurrency exchange FTX has dropped its controversial plan to block repayment payments to customers in 49 countries, including those in China, Ukraine, Pakistan, and Russia. This decision comes after strong opposition from creditors, particularly those based in China where the majority of affected claims originated. The plan aimed to determine if customer payouts could be legally made in countries with unclear or restrictive crypto regulations.