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FTX Creditors Set to Recover 10% to 25% of Their Crypto Assets

FTX Creditors Compensation Update

FTX creditors are hopeful about receiving back between 10% and 25% of their cryptocurrency holdings after the exchange's collapse in November 2022. As the restructuring plan is finalized, stakeholders are watching closely for updates.

Impending Market Volatility

As developments unfold in the fourth quarter of 2023, starting in October, the anticipated creditor payments could create notable fluctuations in the crypto market.

Current Status of Funds

  • According to FTX creditor activist Sunil Kavuri, there are expectations for partial recovery.
  • The exchange has moved 18% of the forfeiture funds ($230 million) to equity holders, raising concerns among creditors.

The situation remains fluid, and further updates are expected soon.