FTX ($0.00) has initiated payments to creditors following its bankruptcy proceedings, with the first repayments made on February 19, 2025. The company has established a total repayment plan of $16 billion. However, users from several countries, numbering in the millions, are currently excluded from this repayment process.
Countries Excluded from the Payment Process
During FTX’s bankruptcy process, notable restrictions have been applied to several countries. Requests from China, Russia, Egypt, Nigeria, and Ukraine have temporarily been excluded from the payment list. This situation particularly affects Chinese users, who comprise approximately 8% of FTX’s customer base.
FTX Repayment and Customer Distribution ChartAccording to the customer distribution chart provided during the bankruptcy process, the Cayman Islands holds the largest share at 22%, followed by China at 8%. Although countries like the United Kingdom and Hong Kong are undergoing the payment process, regulatory hurdles have not provided a clear solution for users from China and other affected countries.
<…>
