FTX Creditors Update: Chinese Investors Hold $380M in Claims Amid $11B Total Allowed Claims

On July 7, FTX creditor representative Sunil provided an update on the claim distribution via the X platform, revealing that the total claims in restricted jurisdictions amount to $470 million. Notably, Chinese investors constitute the largest segment of FTX creditors, holding $380 million in claims, which represents 82% of these restricted claims. Additionally, claims with incomplete KYC verification, primarily from the Bahamas, stand at $290 million. Disputed claims have reached $660 million, while claims pending resolution total $1.4 billion. The final estimated aggregate of allowed claims is projected to be approximately $11 billion, reflecting the complex and multifaceted nature of the ongoing FTX bankruptcy proceedings.