FTX Drops Motion to Limit Global Payouts, May Refile Later

Crypto News Regulation

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 04, 2025

Key Takeaways

FTX Recovery Trust has withdrawn its July request to halt payments to users in 49 countries over local crypto law concerns;
The decision affects nations like China and Russia, but FTX may revisit the motion in the future;
Creditors welcomed the move, though advocates urge continued caution until full repayments are made.

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

FTX Drops Motion to Limit Global Payouts, May Refile Later

BITDEGREE IN YOUR SOCIAL FEED

The group managing the FTX bankruptcy has withdrawn its earlier request to block payments to some users based on their location.

This step affects countries that FTX previously flagged due to unclear or restrictive cryptocurrency rules.

In a filing on November 3, the FTX Recovery Trust announced it was no longer pursuing the motion it submitted in July.

How to Get Free Crypto? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

That earlier motion had asked the court for permission to delay or stop payments to users in 49 countries, including China, Russia, Saudi Arabia, and Ukraine. The trust cited legal uncertainty around cryptocurrency in those areas as the reason.

The trust noted that it might revisit the issue later. The filing states that any new attempt would follow proper court procedures and that this withdrawal does not stop them from raising the issue again in the future.

For many creditors, especially those in the affected regions, the decision comes as good news. Weiwei Ji, a creditor known as Will on X, shared his thoughts after the announcement.

He called it a win for those who would have been affected, but advised others to remain alert. Ji stated in a November 4 post on X:

This is a victory for all potentially affected creditors. But until you receive the compensation you’re owed, stay vigilant and keep acting together.

Meanwhile, Evgeny Gaevoy, head of the trading firm Wintermute, recently clarified that the company has no intention of suing Binance $10.39B over the October 10 market crash. What did he say? Read the full story.