FTX Bankruptcy Motion Dey Clear Jurisdiction Barries for Creditors

FTX bankruptcy matter don include court motion to comot strict jurisdiction rules wey dey stop creditors for places like China and Russia from collect distribution. The change allow creditors to update their KYC and residence before distribution phase or even move go crypto-friendly jurisdictions like Singapore or UAE. According to the new rules, courts go check jurisdiction nearer distribution date, make jurisdiction flexible no be fixed. Creditors suppose gather KYC and residence documents, follow AML and tax rules, and find legal advice. Traders suppose dey watch court approval and overall recovery rate for the FTX bankruptcy, because this fit make asset distribution quick, reduce wahala for court, and increase market confidence.