Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by selling off a number of assets.
Not everyone’s happy, however. The price of bitcoin has climbed more than 250% since the November 2022 collapse, yet the missing FTX assets will be valued at the prices from that time, leaving investors seriously out of pocket compared to the gains they could reasonably have expected.
