More than 500 Chinese creditors are jointly opposing FTX's motion to freeze the payment distribution of about 470 million dollars to the U.S. bankruptcy court, and dozens of people have submitted formal objections to the court. It is reported that the motion attempts to suspend payments to creditors in 49 jurisdictions, including China, citing uncertainty in local cryptocurrency regulations. Among them, the amount claimed by Chinese creditors was up to 380 million US dollars, accounting for about 82% of the total frozen amount. The creditor representative pointed out that FTX's move deviates from the previous commitment of "receiving payment by submitting claims and supporting the restructuring plan", seriously damaging fairness and procedural justice. FTX claims that this move is to avoid compliance risks, but the opposing party believes that it may set a bad precedent. (Cryptoslate) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45255