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Chinese Creditor Fights Back: FTX’s Payout Freeze Faces Legal Firestorm
Chinese Creditor Fights Back: FTX’s Payout Freeze Faces Legal Firestorm
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FTX's attempt to withhold creditor payouts just hit a Great Wall of resistance.
Beijing-backed creditor launches legal offensive against bankrupt crypto exchange's recovery plan—claiming preferential treatment for Western investors.
The showdown exposes crypto's dirty little secret: when the music stops, the 'decentralized' crowd suddenly remembers where the courts are.
One hedge fund manager quipped: 'Turns out bankruptcy lawyers get paid in fiat—who knew?'
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