Strategic Retreat: FTX Withdraws Contentious Payout Motion, Preserving Future Options
Reading Time: < 1 minute
FTX has executed a tactical withdrawal, pulling a motion that would have allowed it to withhold customer repayments in challenging jurisdictions like China and Russia.
The “restricted jurisdiction” procedure was withdrawn “without prejudice,” a key legal distinction that preserves the estate’s right to reintroduce the plan later.
This move allows FTX to avoid a potentially losing court battle for now, while maintaining the option to address the complex logistical and regulatory hurdles of international payouts at a more opportune time.
Follow and like us on
