according to Cointelegraph, the FTX bankruptcy management team is seeking an extension from the Delaware court to respond to over 90 objections to its "foreign jurisdictional restrictions" repayment suspension proposal. The proposal affects creditors from 49 countries, involving a total of approximately $470 million in claims, with Chinese creditors accounting for the largest proportion at 82% (approximately $380 million).
The FTX team stated that repaying creditors from these countries could trigger fines, personal liability, or even criminal penalties. However, many creditors strongly oppose this, believing that it could result in their claims being reduced to zero. According to FTX creditor Sunil Kavuri, there are still approximately $1.4 billion in FTX claims waiting to be resolved.
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