List of Flash News about FTX Recovery Trust
| Time | Details |
|---|---|
|
2025-10-31 03:40 |
FTX Bankruptcy Year 3: Judge Owens Orders Reassessment of Restricted Regions; China Creditors Could Regain Payout Eligibility as $1.6B Already Distributed
According to @PANewsCN, global FTX creditors have received three payout rounds totaling about $1.6 billion, while China users were excluded under a restricted regions policy that represents over 80% of restricted assets. Source: @PANewsCN, Oct 31, 2025. According to @PANewsCN, since July, Chinese creditor representative Will (@zhetengji) has moved to overturn the restricted-region classification; in the latest hearing, U.S. Judge Owens questioned FTX’s exclusion by noting BlockFi and Celsius paid Chinese creditors and even Iran creditors received compensation, and directed the FTX Trust to withdraw its motion and reassess the restricted list. Source: @PANewsCN, Oct 31, 2025. According to @PANewsCN, Will stated that some overseas Chinese creditors recovered funds by updating residency data, but most remain uninformed and are urged to join the coordinated action. Source: @PANewsCN, Oct 31, 2025. According to @PANewsCN, the FTX Recovery Trust—run by former FTX lawyers with limited external oversight—can mark accounts as disputed until 2026 without explanation, resulting in some qualified accounts being denied payouts. Source: @PANewsCN, Oct 31, 2025. According to @PANewsCN, Will reported third-party funds are buying claims near 110% and reselling around 170% while spreading narratives via KOLs, which disadvantages retail creditors in a nontransparent market. Source: @PANewsCN, Oct 31, 2025. |