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SHOCKING FTX CRISIS: BILLIONS AT RISK FOR USERS IN 49 COUNTRIES!
Is Your Money Gone Forever? Crypto Exchange FTX Makes Sinister Move!
In a jaw-dropping twist, the scandal-plagued FTX crypto exchange is asking the court to pull the rug out from under billions in creditor repayments! That’s right—users in a staggering 49 countries could be denied what’s rightfully theirs, thanks to impending legal restrictions!
Chinese Users Set to Take the Biggest Hit!
Brace yourselves! A whopping 82% of the affected claim value belongs to Chinese users, who are ready to face the financial wrecking ball. The court filing, revealed on July 2, aims to classify countries like China, Russia, Afghanistan, and Ukraine as “Potentially Restricted Jurisdictions.” What does this mean for you? Claims from these places will be slapped with a “disputed” label—just like that!
Legal Tightrope Walk: FTX Plays with Fire!
The FTX Trust is set to seek legal approval for each country, but here’s the kicker: if the court determines that paying out funds would break local laws—bam! Your claim is toast! A formal notice will go out, giving you a measly 45 days to object. If you’re still in a “restricted” area by the time funds are processed, say goodbye to your money!
Outraged and Helpless: Users Fight Back!
The backlash is erupting like a volcano! Users are furious, arguing that FTX welcomed them with open arms when times were good. One angry voice stated, “Now they’re ditching our claims because of ‘restricted jurisdiction’—it’s downright unfair!” There’s a chorus of “victims” demanding justice!
Another brave user named “Will” added fuel to the fire by questioning the logic: “Mainland China doesn’t endorse trading, but we can hold cryptocurrencies! So why can’t we get our payouts in USD?”
While despair grips many, a bold advocate is pointing out possible loopholes! Could selling or transferring claims to someone in a non-restricted location be the salvation these users need?
Payments Continue Amid the Chaos
In the midst of this storm, other creditors are seeing some rays of hope! Those claiming under $50,000 are scoring a staggering 120% of their payouts, while larger claimants saw 72.5% in May, with the rest trickling in until 2027.
Meanwhile, the fallout from FTX’s collapse remains a hot topic, as celebrity endorsement lawsuits dwindle in number. But let’s not forget, NBA star Shaquille O’Neal has already settled for a whopping $1.8 million!
