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.
FTX creditors may receive far less than initially believed once payouts are adjusted for today’s inflated crypto valuations, according to Sunil, a prominent FTX creditor representative.
In a Sunday post on X, Sunil estimated that the real crypto recovery rate for FTX creditors ranges between 9% and 46%, noting that the actual value could be even lower as Bitcoin (BTC), Ether (ETH) and Solana (SOL) prices have surged since the exchange’s collapse in 2022.
“FTX creditors are not whole,” he wrote, adding that the exchange’s planned 143% fiat repayment doesn’t reflect losses in crypto-denominated terms.
Read more