Creditors Question FTX Bankruptcy Repayments

[tradelikepro]

FTX creditors are raising concerns over how bankruptcy leadership has handled repayments.

SBF argues that FTX “was solvent” and could have returned digital assets directly, rather than fixing repayments in U.S. dollars at November 2022 prices, when Bitcoin was significantly lower than today’s market.

Some creditors note that executive bonuses were approved during bankruptcy, while others contrast the FTX approach with Genesis, which allowed partial in-kind repayments benefiting creditors. The debate highlights tensions over fairness, asset valuation, and repayment methods in crypto bankruptcies.

[Nahid10]

Creditors’ frustration is understandable — transparency remains the biggest issue in the FTX case.

[EmTeam]

Repayment complexities highlight how unregulated crypto systems struggle in traditional legal frameworks.