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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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1️⃣ Follow Gate_Square
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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FTX creditors in China are facing delays in distribution amid legal scrutiny.
FTX's delay in distributing compensation to Chinese creditors arose after a legal review was conducted. According to Sunil, an activist representing creditors, 82% of requests from the restricted area – primarily China – are facing obstacles. The FTX Recovery Trust is assessing the legality of payments in these regions. If local laws prohibit distribution, compensations could be permanently be blocklisted, causing anxiety for many Chinese creditors. The Chinese cryptocurrency community has responded strongly, calling for transparency and legal clarity. Influential accounts like @zhetengji criticized FTX's decision and demanded the public release of information. The debate continues on social media as FTX faces complex legal challenges in reimbursing users in restricted areas.