Recently, new news has emerged from the FTX bankruptcy hearing, bringing a glimmer of hope to creditors in restricted areas. It is reported that creditors from restricted areas such as China may be allowed to transfer their claims to non-restricted areas for compensation, a move that is expected to avoid the fate of direct confiscation. For Chinese users who have already completed the KYC process, this is undoubtedly a positive signal.

This policy adjustment shows that bankruptcy procedures are gradually becoming more humane. Compared to earlier harsh proposals, the current plan is expected to allow more creditors to recover funds, which may help alleviate market tensions to some extent and reduce panic-induced sell-offs.

At the same time, Hong Kong Customs recently uncovered a money laundering case involving HKD 1.15 billion, highlighting that regulatory agencies are intensifying their crackdown on illegal financial activities. However, the regulatory authorities are also providing legitimate avenues for lawful users, and this balanced strategy may expedite the compensation process for FTX.

In light of the developments, investors holding FTX claims should closely monitor the latest updates and promptly update their personal information to ensure they do not miss any potential compensation opportunities. This series of measures not only concerns individual interests but may also have far-reaching effects on the stability of the entire cryptocurrency market.