FTX Withdraws Motion Blocking FTX Creditor Payouts in Zimbabwe, Nigeria, Egypt—and 47 Other Countries
TL;DR, The FTX Recovery Trust has withdrawn its plan to block nearly $800 million in FTX creditor payouts to 49 “restricted” nations after facing over 70 legal objections. While a victory for creditors, the withdrawal was filed “without prejudice,” meaning the Trust could still refile to restrict payments, urging continued vigilance from claimants. As payouts…