FTX Creditors Still Waiting — Despite $7B in Payouts 💸

[chainsniff]

FTX creditors are still waiting for full repayment nearly three years after the exchange’s collapse.

According to creditor rep Sunil Kavuri, FTX has distributed $7.1B across three payout rounds, with another expected in January 2026. Total recovered assets stand at $16.5B.

But there’s a catch — repayments are being made in US dollars, not crypto. That means creditors miss out on the massive market rebound since 2022.

For context: Bitcoin traded at $16,797 the day after FTX’s bankruptcy. Today, it’s over $103,000 — turning what could’ve been full recovery into real returns of just 9%–46%, depending on claim value.

[Nahid Hossen]

$7B sounds big until you realize how deep the losses ran.

[Rimon Khan]

Exchanges learned the lesson — but regulators won’t forget FTX anytime soon. ️