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FTX has successfully contested the Trustee's withdrawal of the "Restricted Jurisdiction Motion," with creditors achieving a partial victory.
BlockBeats News, November 4th. According to Delaware bankruptcy court documents, FTX has withdrawn its previously filed motion to restore the trust. It had originally planned to implement a "restricted procedure" in certain foreign jurisdictions to advance the restructuring plan.
Following objections raised during a hearing on October 23rd, the motion has been unconditionally withdrawn. If there are plans to restart this process in the future, a new motion would need to be submitted, and notification procedures would need to be followed.
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