Citing Cryptofrontnews, FTX creditors are receiving billions in payouts, but rising crypto prices mean their real coin value remains far below pre-bankruptcy levels. Despite $7 billion in recoveries, many feel shortchanged as repayments are based on 2022 prices. For example, a 143% fiat payout in Bitcoin equals only 22% in real BTC value due to the price increase from $16,871 to over $110,000. The FTX Recovery Trust has distributed $5 billion in May, with another $1.6 billion planned. Legal challenges continue, including Sam Bankman-Fried’s appeal, while courts maintain 2022 valuation standards.
FTX Creditors See Limited Real Crypto Value Despite $7B Recovery
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