In the shadow of the crypto mountains, where fortunes rise and fall like the tides, the FTX bankruptcy estate has cast aside its motion to shackle creditor distributions to “restricted foreign jurisdictions.” A weary traveler, perhaps, abandoning a cursed path, yet the winds of uncertainty still whisper through the valleys of legal jargon.
The FTX Recovery Trust, that tireless pilgrim, filed a notice on Monday, surrendering its quest to freeze payouts to 49 nations, from China’s silent towers to Russia’s frostbitten plains. “If the Trust seeks to renew its plea, it shall do so with a new petition and a warning,” the notice declared, as if the court were a fickle lover.
The motion, born in July, aimed to halt the flow of funds to nations where crypto laws are as murky as a swamp at dusk. Yet, the creditors, those stubborn roots of the financial forest, pushed back with 70 objections, each a thorn in the Trust’s side.
Do not celebrate too early, creditor warns
A victory, yes, but the creditors know the storm is not yet past. “Stay vigilant, for the wind may shift,” urged Weiwei Ji, a voice in the wilderness, his words a beacon in the fog. “Until the gold is in your hand, the battle is not won.”
The Trust’s retreat came after the creditors’ relentless march, their voices echoing like a chorus of thunder. Yet, Sunil Kavuri, a leader among them, warned of a bitter truth: “The fiat is but a shadow of the crypto’s glory. The numbers dance, but the losses linger like ghosts.”
And so, the tale of FTX continues, a saga of hubris and hope, where every victory is a step in the dark, and every promise a flickering candle in the wind. 🧠💸🧨
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2025-11-04 12:47