by: xpoolPosted on:

FTX Creditor Recovery Drops to Just 9%, Fueled by Declining Crypto Prices

The recovery prospects for FTX creditors have taken a dramatic downturn, with potential payouts dwindling down to just 9% of their claims. This decrease stems from the valuation methodology used in bankruptcy proceedings, which relies on historical cryptocurrency prices from November 2022. The current market value of cryptocurrencies has seen significant growth since then, leaving many users facing substantial losses when compared to initial investments.

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