The cryptocurrency exchange FTX has withdrawn its previously submitted request to limit payments to clients from a number of countries, including Ukraine. This decision may affect thousands of users who are awaiting the return of their funds following the platform’s bankruptcy.
This is reported by Finway
Reasons for Withdrawing the Request
In July 2025, FTX approached the Delaware Bankruptcy Court with a request to allow an assessment of legal risks for making payments in 49 jurisdictions. Among these were Ukraine, Pakistan, Saudi Arabia, Russia, and China. If payments were deemed impossible in a particular country, the company could reject claims from local clients, redirecting their funds back into the trust, after which they would need to go to court to retrieve their assets.
It is estimated that clients from these countries account for about 5% of all demanded assets from the exchange, with users from China making up 82% of that amount.
Criticism of the Decision and Next Steps
FTX’s request sparked significant resonance within the cryptocurrency community and among the company’s creditors. The reaction from investors in China was particularly active—around 300 individuals opposed the potential limitation on payments.
“If the compensation payment procedure in a specific country were deemed impossible, the exchange could reject claims from local clients, redirecting their owed funds back into the trust. To obtain their money, they would have to go to court.”
After a meeting held on October 23, 2025, the FTX Recovery Trust made the final decision to withdraw the request but reserved the right to submit it again in the future.
It is worth noting that one of the company’s creditors, Sunil Kavouri, pointed out that payments to clients are being made at the rate of November 2022, resulting in their share being only between 9% and 46% of the total claims amount.
Previously, former FTX CEO Sam Bankman-Fried stated that neither FTX nor its subsidiary Alameda Research were insolvent, and he believed that the bankruptcy was initiated by the company’s legal advisors.
