FTX creditors to recover just 10-25% of their funds as the restructuring plan faces legal hurdles
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As the FTX saga continues to unfold, creditors of the beleaguered cryptocurrency exchange are holding their breath, hoping for restitution following the platform’s dramatic collapse in November 2022. Recent insights from creditor activist Sunil Kavuri suggest that affected parties might expect to recover between 10% to 25% of their holdings. This estimation comes as stakeholders grapple with the ongoing restructuring process and the impending court hearing scheduled for October 7,