FTX債權人，破產索賠：復出故事？

從中國債權人爭取其會費的複雜性，到2027年可能的全部回收率。

FTX Creditors, Bankruptcy Claims: A Comeback Story?

FTX債權人，破產索賠：復出故事？

The FTX saga continues to unfold, with creditors navigating a complex web of bankruptcy claims. From Chinese creditors battling exclusion to potential full recoveries on the horizon, here's the lowdown.

FTX傳奇繼續展開，債權人在復雜的破產索賠中瀏覽。從中國債權人與排除在外的債權人到潛在的全面恢復，這是降低。

Chinese Creditors Fight for Their Share

中國債權人為自己的份額而戰

A group of Chinese creditors is pushing back against being sidelined in the FTX bankruptcy proceedings. A whopping $1.4 billion in claims remains unresolved, with over $380 million from Chinese users potentially being denied due to regulatory concerns. These creditors, numbering at least 35, have formally objected to the U.S. bankruptcy court, arguing their claims shouldn't be deemed ineligible for repayment. They point to the fact that they completed KYC procedures on FTX.com while it was still operating in mainland China. To add fuel to the fire, they’re citing the Mt. Gox precedent, where Chinese users successfully received repayments despite similar regional restrictions. Can’t blame them for fighting for what they believe is theirs!

一群中國債權人正在推遲在FTX破產程序中被淘汰。一筆高達14億美元的索賠仍未解決，由於監管問題，中國用戶的3.8億美元可能被拒絕。這些債權人至少有35名債權人正式反對美國破產法院，認為他們的主張不應被視為不符合償還資格。他們指出，他們在中國大陸運營時在FTX.com上完成了KYC程序。為了增加大火的燃料，他們引用了Gox山的先例，儘管區域限制了類似的區域限制，但中國用戶仍成功收到還款。不能怪他們為他們認為是他們的戰鬥而戰！

Disputed Claims: A Billion-Dollar Headache

有爭議的主張：十億美元的頭痛

It's not just the Chinese creditors facing hurdles. The FTX Recovery Trust has flagged other problematic claims, including $290 million from users who didn't complete KYC in The Bahamas and $660 million tied to potential litigation or duplicate filings. All told, the disputed amount totals a staggering $1.4 billion. A recent court filing indicates the Trust plans to reduce its original reserve amount by $1.93 billion, adjusting the total reserve to $4.6 billion. This move suggests they're bracing for a battle over these disputed claims.

不僅是中國債權人面臨障礙。 FTX Recovery Trust提出了其他有問題的主張，其中包括未在巴哈馬完成KYC的用戶的2.9億美元，與潛在的訴訟或重複提交的文件綁定了6.6億美元。總而言之，有爭議的金額總計14億美元。最近的法院申請表明，信託計劃將其原始儲備金減少19.3億美元，將總儲備金調整為46億美元。此舉表明，他們正在為這些有爭議的主張進行戰鬥。

The Road to Recovery: Payouts and Timelines

恢復道路：支出和時間表

Despite the ongoing legal wrangling, there's good news for some FTX creditors. Smaller claims (under $50,000) have already received payouts of 120% as of February and May 2025, meaning they get even more than they initially lost. Larger claims have seen 72.5% payouts as of May 2025, with additional distributions planned through 2027. The goal? Full recoveries for larger creditors, plus post-petition interest returns estimated between 40% and 80%. Not bad, considering the initial outlook was bleak.

儘管有法律上斷，但對於一些FTX債權人來說還是個好消息。截至2025年2月和5月，較小的索賠（低於50,000美元）已經收到了120％的支出，這意味著它們的收入甚至超過了最初損失的費用。截至2025年5月，較大的索賠已有72.5％的支出，併計劃在2027年之前進行其他分銷。目標？大型債權人的全部收回，以及估計在40％至80％之間的請願後利息回報。考慮到最初的前景黯淡，還不錯。

The FTX Legacy: Scandals and Settlements

FTX遺產：醜聞和定居點

Let’s not forget how we got here. FTX, once a crypto powerhouse co-founded by Sam Bankman-Fried (SBF), collapsed in November 2022 amid a scandal that sent shockwaves through the financial world. SBF is now serving a 25-year sentence for defrauding customers and investors, and former Alameda Research CEO Caroline Ellison also got a two-year sentence. The collapse also triggered lawsuits against celebrities and influencers who endorsed the platform. While many of these lawsuits have been dismissed, Shaquille O’Neal, for example, agreed to pay $1.8 million to settle a class-action lawsuit, showing that even celebrity endorsements come with consequences.

讓我們不要忘記我們如何到達這裡。 FTX曾經是由Sam Bankman-Fried（SBF）共同創立的加密貨幣，於2022年11月在一場醜聞中倒塌，在金融界造成了衝擊波。 SBF現在因欺騙客戶和投資者而被判處25年徒刑，而前阿拉米達研究首席執行官卡羅琳·埃里森（Caroline Ellison）也被判處兩年徒刑。崩潰還引發了針對認可該平台的名人和影響者的訴訟。儘管這些訴訟中有許多已被駁回，但Shaquille O'Neal同意支付180萬美元來解決集體訴訟，這表明即使是名人代言也帶來了後果。

Looking Ahead: Cautious Optimism

展望未來：謹慎的樂觀

The FTX saga is far from over, but there are signs of progress. While some creditors face significant challenges in recovering their funds, others are seeing substantial payouts. The situation remains fluid, and continued legal battles are expected. The next few years will be crucial in determining the final outcome for all involved.

FTX傳奇還遠遠沒有結束，但是有進步的跡象。儘管一些債權人在收回其資金方面面臨重大挑戰，但另一些債權人則看到了大量的支出。這種情況仍然是流暢的，預計會繼續進行法律鬥爭。接下來的幾年對於確定所有參與的最終結果至關重要。

So, will FTX creditors finally recover their losses? Maybe! It's a bumpy ride, but hey, at least there's some light at the end of the tunnel. And remember, in the wild world of crypto, always do your research!

那麼，FTX債權人最終會恢復損失嗎？或許！這是一個顛簸的旅程，但是，嘿，至少在隧道盡頭有一些燈光。請記住，在加密貨幣的野生世界中，請始終進行研究！