FTX Creditors to Recover 9–46% of Holdings in Real Cryptocurrency Value

FTX creditors will receive between 9% and 46% of their original holdings when measured in actual cryptocurrency terms, according to Sunil Kavuri, head of the exchange's largest creditor group. While the nominal payout rate stands at 143% of filed claims, the real recovery value remains significantly lower due to substantial cryptocurrency price appreciation since the November 2022 bankruptcy filing. Kavuri also warned creditors about ongoing fraud schemes targeting the group through fake airdrops and impersonation tactics.