U.S. Firms to Shrink Asset Freeze in Insider Trading Suit Over China Regulatory Leak

U.S. market makers Susquehanna International and Citadel Securities plan to scale back a sweeping asset freeze tied to an insider trading lawsuit involving two major Chinese online brokerages.

The plaintiffs said they will submit a revised list by Aug. 6 detailing which accounts should remain frozen. They expect a significant drop from the initial June 29 U.S. court mandate, which froze accounts that bought short-term put options in Nasdaq-listed Futu Holdings Ltd. and UP Fintech Holding Ltd. shortly before both stocks plunged.