<ul data-eligibleForWebStory="false"><li>FTX is seeking court approval to deny claims from banned crypto regions, particularly mainland China, due to complications stemming from local laws.</li><li>The exchange aims to require users in restricted regions to confirm legality of payouts under local laws with legal experts to challenge or reject their claims.</li><li>Some Chinese creditors are questioning FTX's approach and considering legal actions against the restrictions that block international transfers in USD while crypto ownership remains legal in China.</li><li>FTX faces challenges in globally distributing billions back to former customers, with some suggesting that selling or transferring claims to permitted jurisdictions may be the only recourse for users in legal uncertainty.</li></ul>

FTX Seeks Court Backing to Deny Claims from Banned Crypto Regions

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