FTX Creditor Representative: Users from China, Russia, etc., Cannot Receive Claims via Custodial Exchanges
Summary
- The representative of the FTX creditor group stated that FTX users from certain countries cannot receive claims through BitGo and Kraken.
- This is due to service provision restrictions by the custodial exchanges in those countries.
- The FTX bankruptcy trustee is seeking ways to delegate claim repayments in each jurisdiction.
Sunil Kavuri, the representative of the largest creditor group of the bankrupt cryptocurrency exchange FTX, announced on the 17th (local time) via X (formerly Twitter) that FTX creditors from countries such as Egypt, Iran, Nigeria, Ukraine, China, Russia, and Saudi Arabia cannot currently receive their claims through the custodial exchanges BitGo and Kraken.
He added, "This is because the custodial exchanges may have restrictions on providing services in those countries."
Furthermore, the FTX bankruptcy trustee is exploring options to delegate claim repayments in each jurisdiction and is updating accordingly.
Previously, Sunil Kavuri, the FTX creditor group representative, had predicted that the first repayment would occur in February.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
