Chinese creditors question FTX's motion to suspend payments to restricted countries: Discrimination or Compliance?
During the bankruptcy liquidation process of FTX, a motion proposed by the FTX estate sparked significant controversy. The motion requested to suspend payments to residents of jurisdictions with legal or regulatory restrictions related to crypto assets trading. However, a Chinese creditor, Weiwei Ji, objected, pointing out that despite residing in Singapore, they were classified as Chinese creditors due to holding Chinese passports and faced the risk of being excluded from compensation. This objection represents the voice of Weiwei Ji and an increasing number of Chinese creditors (according to documents, this group exceeds 300 individuals) who question the fairness and legality of this motion.