FTX Creditor Representative Reveals $11 Billion Total Claims, Highlights $380 Million Held by Chinese Investors

The representative for FTX creditors has disclosed that the platform’s aggregate claims are projected to reach approximately $11 billion. This figure underscores the extensive financial impact of the exchange’s collapse on stakeholders. Notably, investors from China account for a significant portion, holding claims valued at around $380 million. These developments highlight the ongoing complexities in the crypto insolvency proceedings and the challenges faced in asset recovery efforts. Market participants and analysts continue to monitor the situation closely, as the resolution of these claims will influence broader investor confidence within the cryptocurrency sector.