FTX Creditors Get Relief: Restrictions Lifted in 49 Countries

A significant breakthrough has emerged for FTX creditors globally, as the FTX Recovery Trust has removed restrictions limiting repayments to specific countries. Previously, a plan to restrict payments was announced, leaving thousands of individuals and entities impacted by the exchange’s collapse uncertain about their future recovery. This decision opens up access to funds for creditors residing in nations like China, Russia, Saudi Arabia, and Ukraine, among others. The trust’s move is viewed as a major step towards a more equitable repayment process.