FTX Freeze Crypto Payouts for 49 Countries

FTX Recovery Trust file one motion for Delaware Bankruptcy Court on July 2 to stop crypto payout go creditors for 49 countries wey get unclear or restrictive digital-asset laws. Dis dem jurisdictions, including China, Russia, Iran, Egypt, Saudi Arabia and Ukraine, make up 5% of over $16 billion claims—82% na from China. People wey get claim for here go get Restricted Jurisdiction Notice and dem get 45 days to submit one sworn statement wey accept U.S. court jurisdiction or dem go lose their claims. Any money wey no claim or wey people dispute go return back to the trust’s pool. The trust go hire local lawyers and go settle any objection for hearing on July 22. Since February 2025, Recovery Trust don distribute $6.2 billion in crypto payouts, including $5 billion for May through Payoneer. This freeze show the risk for law and the wahala for cross-border recovery wey fit make payouts delay, reduce market liquidity and affect trader confidence.