The injured creditor of the bankrupt cryptocurrency book FTX from China named WEIWEI JI challenged the company’s petition to suspend the payment of compensation to residents from 49 jurisdictions, including the PRC, Russia and Ukraine.

In his complaint, Ji wrote that he lives in Singapore, but has a Chinese passport, therefore it is considered a lender from the PRC.

It’s about the petition filed by the FTX to the Bankruptcy Court of the US state of Delaware. The petition contains a list of jurisdictions whose laws “are directed against cryptocurrencies and where the regulation of the crypto industry remains unclear.” The FTX temporary administration cited Moldova as an example, where, according to local laws, services related to cryptocurrencies are considered a criminal offense.

Ji said that his family has four verified accounts that have passed the “Know Client” (KYC) procedure. The total amount of their requirements exceeds $ 15 million, and all account owners complied with all the requirements of the FTX payment plan. The exchange of the exchange runs the right of investors to pay the funds that they rely on, and unfairly punishes people, the investor announced.

The plaintiff claims that the planned FTX payments are nominated in US dollars, and not in digital assets. In addition, in accordance with Chinese legislation, cryptocurrencies are recognized as personal property, and not prohibited assets.

FTX collapse occurred in November 2022. The exchange began to pay creditors only in February 2025, starting with small creditors, whose claims were less than $ 50,000. Later, a representative of the FTX Cavali Cavalry Cavalry group (Sunil Kavuri) specified the deadlines for further payments.