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FTX drops plan to restrict repayments in 49 jurisdictions
FTX Recovery Trust on Nov 3, 2025 withdrew a motion in the U.S. Bankruptcy Court for the District of Delaware that sought to restrict customer repayments in China, Russia, Ukraine, and 46 other jurisdictions. The withdrawal was without prejudice, allowing a potential refiling under court rules. Bankman-Fried claims 2022 arrest was political retaliation
Sam Bankman-Fried, the jailed founder of the collapsed FTX exchange, posted on GETTR through an intermediary that his December 2022 arrest in the Bahamas was political retaliation by the Biden administration after he allegedly shifted large donations to Republicans. FTX Recovery Trust pays $1.6 billion to creditors
FTX Recovery Trust started distributing approximately $1.6 billion to eligible creditors. The payment represents the third round under the exchange's Chapter 11 plan and will reach recipients through BitGo, Kraken, or Payoneer within one to three business days. 






