According to ChainCatcher, Stephen Earel, a partner and bankruptcy lawyer at Australia's Co Cordis, said that "cashing out" crypto assets during the liquidation process and then working out how to distribute the funds will be a huge task. At the same time, the process will also be affected by the complexity brought about by cross-border bankruptcy issues and jurisdictions, and may take years or even decades.
It is reported that FTX stated that it owed nearly $3.1 billion to the 50 largest creditors, of which about $1.45 billion was owed to the top 10 creditors, and the names of the creditors were not disclosed. (Cointelegraph)