<ul data-eligibleForWebStory="false"><li>The FTX Recovery Trust filed a motion to handle claims from creditors in restricted jurisdictions, including China, Russia, Ukraine, Pakistan, and Saudi Arabia.</li><li>A multi-step plan involves hiring local attorneys to ensure compliance with local and U.S. laws for distributions to creditors in these regions.</li><li>If compliance is not possible, countries could be designated as restricted, leading to forfeited funds reverting to the Trust for redistribution.</li><li>The court will review the motion on July 22, with hope to eventually reduce the number of restricted countries and resume distributions to creditors there.</li></ul>

New FTX Court Move: Will Your Crypto Refund Be Blocked?

Discover more