FTX creditors only got 10-25% of their crypto back, according to new bankruptcy documents. 😱
- BTC was worth around $16,000 when it filed, sparking outrage over refunds at that price.
- Many FTX users are facing mental health crises, divorces, and even suicidal thoughts due to lost assets.
Sunil Kavuri: Sam Bankman-Fried violated terms of service, used customer money to pay off debt.
- FTX reaches deal with Emergent Technologies to get $600 million in Robinhood shares to pay off debt.
Many oppose FTX's reorganization plan, including the SEC.
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