BTCUSDT FTX has sent emails to creditors with less than $50,000 to inform them of the initial allocation of funds. FTX has transferred the first batch of funds to these allocation service providers. However, creditors with less than $50,000 still have about $345 million in claims that have not completed KYC certification.
FTTUSDT The latest revised bankruptcy documents shared by FTX creditor Sunil Kavuri show that some FTX creditors can only get back 10%-25% of their cryptocurrencies. Creditors will be repaid based on the filing date, when cryptocurrency prices were much lower than current levels. At that time, the price of Bitcoin was around $16,000. The decision to use the filing date price to repay creditors and customers has sparked dissatisfaction.