PANews reported on November 2nd that Sunil, a representative of FTX creditors, stated on the X platform that the actual recovery rate of FTX creditors' crypto assets is between 9% and 46%, and due to the current high price of cryptocurrencies, the actual recovery value may be even lower. Even if the nominal payout ratio reaches 143%, the converted crypto asset value still cannot allow creditors to "fully recover their principal." Additional recovery will come from airdrops to FTX creditors by some projects (these airdrops occur outside of the bankruptcy proceedings). Paradex has already distributed airdrops to FTX creditors, and more projects are expected to follow suit.PANews reported on November 2nd that Sunil, a representative of FTX creditors, stated on the X platform that the actual recovery rate of FTX creditors' crypto assets is between 9% and 46%, and due to the current high price of cryptocurrencies, the actual recovery value may be even lower. Even if the nominal payout ratio reaches 143%, the converted crypto asset value still cannot allow creditors to "fully recover their principal." Additional recovery will come from airdrops to FTX creditors by some projects (these airdrops occur outside of the bankruptcy proceedings). Paradex has already distributed airdrops to FTX creditors, and more projects are expected to follow suit.
Sunil: FTX creditors' actual crypto asset recovery rate is only between 9% and 46%.
PANews reported on November 2nd that Sunil, a representative of FTX creditors, stated on the X platform that the actual recovery rate of FTX creditors' crypto assets is between 9% and 46%, and due to the current high price of cryptocurrencies, the actual recovery value may be even lower. Even if the nominal payout ratio reaches 143%, the converted crypto asset value still cannot allow creditors to "fully recover their principal." Additional recovery will come from airdrops to FTX creditors by some projects (these airdrops occur outside of the bankruptcy proceedings). Paradex has already distributed airdrops to FTX creditors, and more projects are expected to follow suit.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight
The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
Tesla (TSLA) Stock; Slips Slightly Despite Accelerated Nine-Month Roadmap for AI5–AI9 Chips
TLDRs; Tesla stock slipped slightly even as Musk unveiled a faster nine-month development cycle for future in-house AI processors. The AI5 chip is nearing final
Share
Coincentral2026/01/19 14:40
Ethereum transactions hit record as staking exit queue drops to zero
The record jump comes as Ethereum’s validator exit queue has dropped to zero while entry queues remain long.
Share
Coinstats2026/01/19 13:50