A Shocking Decision Has Come from the Bankrupt Cryptocurrency Exchange FTX! Payments Have Stopped in 49 Countries, Including China and Russia!

The cryptocurrency exchange FTX, which suddenly went bankrupt in 2022, started repayments in 2025, and at the end of May, former users of FTX reported that they had begun to receive the long-awaited receivables.

FTX officials had announced that the second round of payments, worth approximately 5 billion dollars, has officially been initiated as part of the bankruptcy plan.

While it is expected that FTX repayments will gradually continue in the coming dates, a new development has occurred.

According to Wu Blockchain, FTX Recovery Trust has temporarily suspended payments to creditors in 49 foreign jurisdictions. It was reported that FTX has requested court approval to fulfill creditor claims from users in 49 jurisdictions where cryptocurrencies are restricted or banned.

According to a new filing submitted to the U.S. Bankruptcy Court, FTX has designated 49 countries, including China, Russia, Ukraine, and many Asian and African countries, as “Restricted Foreign Jurisdiction Areas.” Claims from creditors located in these 49 countries will no longer go through a standard payment process. These claims will directly transition to contested claims status. This means that FTX creditors may need to engage in additional legal battles to recover their funds.

According to the new development, FTX has sought court approval to handle refund requests from 49 jurisdictions where cryptocurrency is banned or restricted.

If the court approves, payments will continue. Otherwise, payments will stop and affected creditors will be able to appeal.

FTX has asked the court to approve a new process for handling claims from 49 restricted jurisdictions, where crypto is banned or limited. If legal advice allows, payouts will proceed. Otherwise, affected claims may be disputed and denied. Over 82% of the value comes from Chinese…

— Wu Blockchain (@WuBlockchain) July 4, 2025