FTX freezes $470 million payment; over 500 Chinese creditors raise questions.

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On July 9, according to reports, over 500 Chinese creditors have questioned the payment freeze of 470 million USD related to FTX in a US court, with an increasing number of Chinese creditors confronting FTX in US courts due to withheld distributions. A Chinese creditor who goes by the name Will stated in an interview that he has hired an American lawyer, and more than 500 Chinese creditors are organizing a response to FTX's decision.

These creditors believe that FTX has violated earlier commitments, having been clearly informed that as long as they submit claims and vote in favor of the restructuring plan, they would be entitled to distributions just like other users. However, they are now being denied the compensation they deserve due to nationality or legal uncertainties.

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MetaMuskRatvip
· 07-11 12:32
Retail investors are at a loss.
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WenAirdropvip
· 07-09 16:44
Will it arrive early or not at all?
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YieldChaservip
· 07-09 02:30
Hehe, the funds are gone again.
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ConsensusBotvip
· 07-09 02:27
Why hasn't SBF gone down yet?
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LiquidatedNotStirredvip
· 07-09 02:21
Tomorrow, walking will be scattered.
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DaoResearchervip
· 07-09 02:18
From the perspective of game theory models, this is entirely an expected Nash equilibrium point of the game. According to the paper "Creditor Coordination in Decentralized Finance" [1]
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RadioShackKnightvip
· 07-09 02:07
No refund? Kill FTX!
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MetaverseVagrantvip
· 07-09 02:04
Deserved it, don't be greedy for money.
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