FTX creditor says real recovery could be as low as 9% amid inflated crypto prices
An FTX creditor representative estimates actual crypto recovery for creditors could range from 9% to 46% due to inflated post-collapse asset prices.Summary
Sunil, a representative for FTX creditors, estimates that the real recovery rate for creditors, when adjusted for current inflated cryptocurrency valuations, could be as low as 9% and as high as 46%. He argues that the planned 143% fiat repayment does not accurately reflect the losses in crypto-denominated terms since FTX's collapse in 2022. For instance, based on a petition price of $16,871 for Bitcoin (BTC), the 143% fiat payout equates to only about 22% in real BTC value, while Ether (ETH) recovery is around 46% and Solana (SOL) is only 12%. Sunil also noted that creditors might receive an "extra recovery" through airdrops from external projects like Paradex. Meanwhile, FTX has been distributing funds, with the second $5 billion payout launched in May covering various claim categories.
(Source：Cointelegraph)