A small but vocal group of creditors has successfully pushed back against the FTX estate.
The collapsed exchange has withdrawn a motion that would have impacted $800 million in customer claims after more than 300 claimants, led by Singapore resident Weiwei Ji, filed a formal objection.
Their argument—that FTX provided no factual basis for restricting payouts in countries like China—proved powerful enough to force a reversal, demonstrating that organized creditor groups can still influence the massive bankruptcy proceedings.
