TechFlow news, on July 4, Sunil, representative of FTX creditors, tweeted that FTX has applied to the court for a "restricted distribution process" across 49 jurisdictions. These restricted jurisdictions account for approximately 5% of total claims, with Chinese users representing 82% of the total value of affected funds. The restrictions stem from local laws prohibiting cryptocurrency transactions or disallowing distributor operations. FTX will seek legal advice to determine whether fund distributions to these regions are permissible. If users are confirmed to be from restricted regions, their claims will be disputed and may be forfeited.
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