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%.
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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.
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