FTX Dey Try Delay $470M Foreign Claims Amid Legal Wahala

FTX bankruptcy estate don file motion for Delaware court make dem get more time to solve more than 90 objections wey dem get for dia plan to stop to dey pay back about $470 million to creditors wey dey for 49 restricted foreign areas. This FTX foreign claims freeze dey affect $470 million for creditor claims, and $380 million (82%) of am na Chinese creditors hold am. Di estate dey warn say if dem start to dey pay back money under unclear or tight cryptocurrency rules fit make their directors and officers face wahala for law and compliance. Hearing wey go happen on Tuesday go decide whether to extend, shorten or make the stop on these FTX foreign repayment dey go. Creditor groups, including Weiwei Ji and community member “Mr. Purple,” dey caution say delay wey no stop fit make their claims no get value again. With $1.4 billion still unresolved FTX claims and partial payments wey go start for February—more than two years after FTX bankruptcy for November 2022—this case dey show how important clear cross-border insolvency rules be and fit set example for future international crypto bankruptcy cases.