FTX creditor representative: Regions such as China that are restricted by encryption policies may lose their claim rights."
Internet reports that FTX creditors tweeted on behalf of Sunil that FTX announced a 5% limit on claims in 49 restricted jurisdictions, of which China users accounted for 82% of the total value of the affected funds. Reasons for restrictions include local laws prohibiting cryptocurrency transactions or disallowing distributors to operate. FTX will seek legal advice on whether funds can be allocated to these regions. If it is determined that users are from restricted regions, their claims will be disputed and may be confiscated.
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