FTX Creditors to Recover Just 10-25% of Crypto Holdings, Bankruptcy Filings Reveal

FTX Creditors to Recover Just 10-25% of Crypto Holdings, Bankruptcy Filings Reveal

Following the collapse of cryptocurrency exchange FTX, its native token, FTT, plummeted by over 80%, erasing more than $2 billion in customer funds. According to newly revised bankruptcy documents, creditors are projected to recover only 10-25% of their cryptocurrency holdings, as revealed by FTX creditor and activist Sunil Kavuri. Kavuri explained that reimbursements will be calculated based on cryptocurrency prices at the time of the bankru...

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