If Sam Bankman-Fried had somehow managed to avoid FTX's bankruptcy, his personal fortune could have reached at least $65 billion, said Sunil Kavuri, a spokesman for the largest group of creditors.
This amount was calculated based on the platform's valuation, its significant assets in Solana and SUI, investments in Anthropic and other projects. It did not take into account the potential growth of the FTT rate (the minimum indicator was taken), as well as the share in Robinhood and other small assets of the exchange.
Criticism of the consultants' work
Commentators agreed that the consultants managing the FTX bankruptcy process made serious mistakes. In their opinion, they not only led to the liquidation of the exchange but also derailed its potential relaunch.
As a result, creditors will receive payments at the November 2022 rate:
BTC = $16,871
ETH = $1,258
SOL = $16
However, they will be compensated 120% of the original amount.
It is worth noting that during the same period, funds actively bought distressed assets at significant discounts.
Start of payments to clients
Some FTX users have already begun receiving reimbursements on the Kraken exchange. From today, payments will be available to clients with assets up to $50,000 — also at the November 2022 rate with a 20% surcharge.
Payments to major creditors
According to Sunil Kavoury, in the first round of payments, creditors will receive $1.2 billion.
Currently, 162,000 out of 460,000 wallets have already received reimbursements totaling $800 million.
For creditors with a balance over $50,000, payments will not start until at least May 30. Pre-registration is scheduled for April 11.
