FTX creditors to receive only ‘10–25% of their crypto back,’ CZ walks free: Law Decoded

Taiwan’s FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.

FTX creditors will receive only 10–25% of their cryptocurrency holdings from the defunct exchange after bankruptcy documents were revised to award the value of assets lost when the petition was filed.

Sunil Kavuri told Cointelegraph that many FTX customers are still suffering from “mental distress, panic attacks, divorces and suicidal thoughts” due to their life savings being “stolen.”

The FTX creditor-activist noted that in light of the revision, creditors will receive reimbursements according to the date of the petition.

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Taiwan’s FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
FTX creditors will receive only 10–25% of their cryptocurrency holdings from the defunct exchange after bankruptcy documents were revised to award the value of assets lost when the petition was filed.Sunil Kavuri told Cointelegraph that many FTX customers are still suffering from “mental distress, panic attacks, divorces and suicidal thoughts” due to their life savings being “stolen.”The FTX creditor-activist noted that in light of the revision, creditors will receive reimbursements according to the date of the petition.Read more