Farewell to the Renaissance, DeFi enters the Baroque eraRecommended Articles | Bee Network
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As FTX’s bankruptcy liquidation enters a critical stage, a highly controversial motion – a plan to deal with claims from users in “restricted countries” – has caused uproar among creditors around the world. The FTX liquidator said that it will first seek legal advice to determine whether assets can be distributed to these jurisdictions; if the conclusion is that compensation cannot be paid, the relevant claims may even be legally confiscated and transferred to the liquidation trust account. This means that Chinese creditors may not only not get a penny, but their assets may even become confiscated funds of the trust fund. According to data disclosed by FTX creditor representative Sunil on social media, the total amount of claims in restricted jurisdictions is US$470 million. Chinese investors are the largest…# Analysis# crypto# defi# Exchange# Market# marketplace# Token# ToolPre
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- Original translation: Alex Liu, Foresight News Last year, calls for a “DeFi Renaissance” became widespread, and the DeFi space experienced a period of recovery and renewed interest. This growth i...