Chinese users’ $380 million FTX debt may be difficult to repay, accounting for 82% of the total $470 million in debt in restricted areas
PANews reported on July 7 that according to data shared by Sunil, a representative of FTX creditors, there are still about $1.4 billion in FTX debt distribution that is unresolved. Among them, the amount of restricted regional debt is $470 million, and Chinese creditors account for the largest share, holding $380 million, accounting for 82% of restricted debt.
In addition, the amount of Bahamian claims that have not yet completed KYC certification is US$290 million, and the total amount of disputed claims is US$660 million. Currently, FTX expects the total amount of claims allowed to be approximately US$11 billion.
According to previous news, FTX applied to the court to implement a "restricted processing procedure", and China and other regions may lose their right to claim compensation .
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Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more