{"id":138128,"date":"2024-09-29T09:00:58","date_gmt":"2024-09-29T06:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138128"},"modified":"2024-09-29T01:24:39","modified_gmt":"2024-09-28T22:24:39","slug":"ftx-creditors-stunned-by-minimal-payouts-as-bankruptcy-plan-unfolds","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ftx-creditors-stunned-by-minimal-payouts-as-bankruptcy-plan-unfolds\/","title":{"rendered":"FTX Creditors Stunned by Minimal Payouts as Bankruptcy Plan Unfolds"},"content":{"rendered":"

The reimbursements will be based on prices from the petition date, when crypto values were significantly lower. For example, at that time, Bitcoin<\/a> <\/strong>was valued at around $16,000.<\/p>\n

This decision has sparked frustration among many FTX creditors, who are unhappy with being repaid using these older prices. Kavuri highlighted that many creditors are still suffering emotionally from the collapse, as their assets have yet to be returned. Others have voiced similar concerns, criticizing the plan as unfair and deceptive, with some calling it a \u201csecond scam.\u201d<\/p>\n

Kavuri also argued that Sam Bankman-Fried violated FTX\u2019s terms of service by misusing customer funds to settle debts and buy assets, such as Robinhood shares. Earlier this month, the FTX estate reached an agreement to reclaim $600 million worth of these shares from Bankman-Fried\u2019s company, Emergent Technologies, in an effort to repay creditors.<\/p>\n