FTX Repayment: Bitcoin Claims to be Valued at Just 20% of Market Price

FTX’s bankruptcy process is taking a crucial step forward with repayments beginning on May 30th, but the initial payouts for creditors holding Bitcoin are facing scrutiny. A significant portion of claims, approximately 80%, will only be compensated at 20% of their current market value, sparking concerns and disappointment among those expecting to receive full compensation.