FTX Estate’s Motion to Pause Repayments Faces Objections from Chinese Creditors Over Legal Restrictions
The post FTX Estate’s Motion to Pause Repayments Faces Objections from Chinese Creditors Over Legal Restrictions appeared on BitcoinEthereumNews.com. The ongoing FTX bankruptcy proceedings have taken a complex turn as a motion to pause repayments to creditors in certain countries faces strong objections, spotlighting legal and jurisdictional challenges in crypto asset recovery. A notable objection from a Chinese creditor residing in Singapore highlights the tension between regulatory restrictions and creditor rights, emphasizing the intricate nature of cross-border cryptocurrency settlements. According to COINOTAG, Weiwei Ji, representing over 300 Chinese creditors, argues that cryptocurrency holdings are recognized as personal property under Chinese law, challenging the FTX Estate’s motion to halt payouts. FTX’s motion to pause repayments in restricted jurisdictions faces legal pushback, underscoring challenges in cross-border crypto asset recovery and creditor rights. ‘, ‘
The post FTX Estate’s Motion to Pause Repayments Faces Objections from Chinese Creditors Over Legal Restrictions appeared on BitcoinEthereumNews.com.
The ongoing FTX bankruptcy proceedings have taken a complex turn as a motion to pause repayments to creditors in certain countries faces strong objections, spotlighting legal and jurisdictional challenges in crypto asset recovery. A notable objection from a Chinese creditor residing in Singapore highlights the tension between regulatory restrictions and creditor rights, emphasizing the intricate nature of cross-border cryptocurrency settlements. According to COINOTAG, Weiwei Ji, representing over 300 Chinese creditors, argues that cryptocurrency holdings are recognized as personal property under Chinese law, challenging the FTX Estate’s motion to halt payouts. FTX’s motion to pause repayments in restricted jurisdictions faces legal pushback, underscoring challenges in cross-border crypto asset recovery and creditor rights. ‘, ‘
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