FTX Creditors Will Be Repaid in Full, Crypto Exchange's Estate Says
by jonahbenton on 5/8/2024, 5:17:00 PM
Note that "in full" refers to the dollar-valuations of the crypto assets at the bankruptcy date. Many of the assets themselves have appreciated significantly since that date- hence the "surplus". Their former owners will not see that appreciation.
Note that "in full" refers to the dollar-valuations of the crypto assets at the bankruptcy date. Many of the assets themselves have appreciated significantly since that date- hence the "surplus". Their former owners will not see that appreciation.