FTX Creditors Face Potential 9% Recovery Amid 'Inflated' Crypto Prices
FTX Creditors Face Potential 9% Recovery Amid 'Inflated' Crypto Prices
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A representative for FTX creditors has indicated that the actual recovery amount could be as low as 9% of expected payouts once adjusted for the current market prices of Bitcoin, Ether, and Solana. This suggests that while crypto asset values are high, the creditors' real-world recovery is significantly diminished.
FTX creditors may get only a fraction of their expected payouts once adjusted for Bitcoin, Ether and Solana’s current prices, according to creditor representative Sunil.