Path to repayment opens for FTX creditors in 49 countries

The FTX Recovery Trust, which manages the assets of the bankrupt cryptocurrency exchange, has withdrawn a plan to restrict repayments to creditors in 49 countries, including China and Russia, Cointelegraph reported. The reason for the withdrawal was not disclosed. The trust had previously sought court approval to halt payments to creditors in nations such as China, Saudi Arabia, Russia, and Ukraine.