More than 500 Chinese creditors are challenging the FTX freeze of 470 million US dollars to the US court

According to CryptoSlate, more than 500 Chinese creditors are challenging the FTX freeze of $470 million in payments to the US court. FTX previously requested to suspend payment to users in 49 jurisdictions, including China, on the grounds of "legal uncertainty of cryptocurrency", of which Chinese creditors involved US $380 million in claims, accounting for 82%. Creditor representative Will stated that the group has submitted 35 written objections to the bankruptcy court and is seeking collective legal representation. It questioned FTX's unilateral change of terms after the approval of the restructuring plan, believing that this action would damage the fairness of the procedure based on differences in nationality or geography. FTX stated that this move is to mitigate the legal risks of transferring funds to cryptocurrency restricted regions.