Chinese People Wey Dio Money Wan Challenge FTX Payment Suspension
Di tori dem wan stop di FTX payment we di estate trustee bin propose to stop pay back in US dollar to creditors for 49 different places don get wahala from over 300 Chinese creditors wey Weiwei Ji dey lead. Di motion we dem file for Delaware Bankruptcy Court on July 2 talk say di law fit cause gbege cos many countries like China, Russia, Egypt and Moldova get plenty rules for crypto. Di payment start from February 18 base on asset value we dem check for November 2022. Weiwei Ji wey represent claim over $15 million from four KYC check pass account talk say US dollar payment na real personal property according to Chinese law. Him say di FTX payment stop dey violate creditor rights and e no follow di bankruptcy plan we dem approve. Dis fight show say e hard to collect crypto asset wey cross country, and e fit set example for how international digital asset go distribute.
Neutral
Di objection wey dem make about FTX payment suspension na because law matter never clear for bankruptcy process. For near time, dis palava fit make traders no too like FTX related assets wella, but e no go cause big wahala for price. For long run, court decision fit affect how people trust cross-border crypto insolvency systems. But since e no involve network or token econ direct direct, e no go affect trading price like say e be something serious.