FTX Creditor Update: $11B in Allowed Claims Expected, $470M Under Jurisdictional Restrictions

Sunil, a representative for FTX creditors, has shared an update on the platform X (formerly Twitter) outlining the latest status of claims related to the collapsed crypto exchange. Key Points:Total Expected Allowed Claims: $11 billionJudicially Restricted Claims: $470 millionOf these, China accounts for $380 million, or approximately 82% of restricted claims. KYC-Incomplete Claims: $290 million, primarily from Bahamas-based usersDisputed Claims: $660 millionClaims Awaiting Resolution: $1. 4 billionThe update highlights the complexity and scale of the ongoing FTX bankruptcy proceedings, particularly the significant portion of claims tied up in jurisdictional and identity verification issues source: https://www.binance.com/en/square/post/26621391804697?utm_source=BinanceNewsRSS