Chinese users' $380 million FTX debt may be difficult to repay, accounting for 82% of the total restricted area debt of $470 million

According to data shared by Sunil, a representative of FTX creditors, there are still approximately $1.4 billion in unresolved FTX debt distributions. Among them, the amount of creditor's rights in the restricted area was 470 million dollars, and Chinese creditors accounted for the largest share, holding 380 million dollars, accounting for 82% of the restricted creditor's rights. In addition, the amount of Bahamian debt that has not yet completed KYC certification is 290 million US dollars, and there are multiple disputed debts totaling 660 million US dollars. At present, FTX expects to allow a total debt amount of approximately $11 billion. Previously, FTX applied to the court for the implementation of a "restricted processing procedure", and China and other regions may lose their right to claim compensation.