Mars Finance News, on July 6, crypto KOL @zhetengji expressed views on "FTX creditors may seize claims funds from Chinese users", stating: "FTX's debt is denominated and settled in US dollars, and has now entered the compensation distribution stage, which has nothing to do with cryptocurrency regulation. There is no legal risk for Chinese citizens to receive US dollar compensation. The FTX Recovery Trust's motion lacks legitimate legal basis from the beginning. Additionally, in the Celsius bankruptcy case, which was also a US cryptocurrency company, they compensated creditors through bank wire transfers, and Chinese creditors successfully received compensation." @zhetengji believes FTX can compensate Chinese creditors in the same manner. Previously, FTX creditor representative Sunil posted on social media that 82% of claims funds in FTX's restricted countries belong to Chinese users, but cryptocurrency trading is currently not allowed in China, and there are no authorized distributors. According to documents provided by Sunil, FTX will seek legal advice and may distribute to potentially restricted foreign jurisdictions, and if residents are determined to be from restricted foreign jurisdictions, claims may be controversial and potentially seized.
Opinion: FTX’s claim for funds from Chinese users confiscated due to the crypto ban lacks legal basis, and FTX’s claims are denominated and settled in US dollars
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