The representative of FTX creditors, Mr. Sunil, stated that the actual repayment rate for FTX creditors only ranges from 9% to 46%, much lower than the nominal figure announced. He explained that due to the current high price of cryptocurrencies, the actual value that creditors receive in terms of mã hóa will be significantly lower.
Even with a nominal payout of 143% based on the USD value at the time of bankruptcy, creditors are still not fully compensated. This discrepancy reflects the strong volatility of asset prices since the collapse of FTX. However, there is still potential for further recovery beyond the bankruptcy process, as some blockchain projects are expected to airdrop to affected FTX creditors. Paradex is one example that has begun implementing this form of support.
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FTX creditors only actually receive 9 - 46% of the real value despite being promised a nominal payout of 143%.
The representative of FTX creditors, Mr. Sunil, stated that the actual repayment rate for FTX creditors only ranges from 9% to 46%, much lower than the nominal figure announced. He explained that due to the current high price of cryptocurrencies, the actual value that creditors receive in terms of mã hóa will be significantly lower.
Even with a nominal payout of 143% based on the USD value at the time of bankruptcy, creditors are still not fully compensated. This discrepancy reflects the strong volatility of asset prices since the collapse of FTX. However, there is still potential for further recovery beyond the bankruptcy process, as some blockchain projects are expected to airdrop to affected FTX creditors. Paradex is one example that has begun implementing this form of support.