FTX’s Chinese customers in limbo over crypto restrictions

FTX had more than US$14 billion ($23b) in allowed claims as of March. (Photo / File)

Tue, 08 Jul 2025

By Becky YerakHundreds of millions of dollars of FTX customer claims are at risk of being held up or potentially not being paid because the account holders live in China, Afghanistan or 47 other areas that restrict cryptocurrency activity.A creditor trust set up by the defunct crypto exchange said last week it should not make distributions to customers in those “potentially restricted” markets until it determines that it can do so without breaking foreign laws.The foreign payments represent 5% of the value of the allowed claims in F...

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