FTX Freezes Payouts in 49 Countries Amid Crypto Ban Confusion

Krutika Adani

Payouts Blocked Across 49 Countries

A court filing reveals that FTX has paused creditor claims in banned or restricted regions like China, Nigeria, and Zimbabwe—pending legal clearance.

China Alone Accounts for 82% of Frozen Value

Though only 5% of claims come from restricted regions, China represents a staggering 82% of the frozen funds, delaying critical settlements.

What Happens to Affected Users?

FTX will issue a Restricted Jurisdiction Notice once a path to legal payment is approved—but until then, no funds will be released.

Creditors Push Back

A Chinese creditor is taking FTX to court, arguing that restrictions on crypto trading don’t justify blocking USD-based settlements via wire transfers.

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