FTX creditors representative: The actual recovery rate of creditors' cryptocurrency assets is between 9% and 46%

The FTX creditor representative Sunil stated on social media that the actual recovery rate of FTX creditors' cryptocurrency assets is between 9% and 46%, and due to the current high cryptocurrency prices, the actual recovery value may be even lower. Even if the nominal payment ratio reaches 143%, converting it into the actual cryptocurrency value still cannot allow creditors to "break even." Additional recoveries will come from airdrops from certain projects to FTX creditors (these airdrops occur outside of the bankruptcy proceedings).

Currently, Paradex has issued airdrops to FTX creditors, and more projects are expected to follow.