FTX Creditors Lose Twice as Crypto Market Rally Erases Gains From Cash Repayments

Creditors of the defunct FTX exchange may recover only a fraction of what they once expected, as soaring digital-asset prices distort the real value of their upcoming repayments. On November 2, FTX creditor advocate Suni Kavuri released new recovery estimates for affected users. He projected that payouts could equal as little as 9% to 46% of the crypto value those users originally lost. Crypto Surge Turns FTX Repayments Into Deep Losses for Creditors His analysis highlights a widening gap between the court-approved dollar settlements and the market prices of key assets, such as Bitcoin source: https://beincrypto.com/ftx-creditors-loss-as-crypto-market-dips/