On January 8, PANews reported, according to CryptoSlate, that FTX creditor Lidia Favario submitted documents to the court accusing the FTX bankruptcy management team of extravagant spending, which contradicts the reasonable expenditure guidelines set by the U.S. Department of Justice (DOJ). Favario cited specific examples, including bankruptcy consultants spending up to $971.74 per night at luxury hotels in New York and staying at high-end locations such as Atlantic City resorts. Additionally, weekly taxi expenses reached $1,733, with a single 5-minute taxi fare costing as much as $151.33. Favario believes these unreasonable expenditures harm the interests of creditors and urges the court to expand the audit scope to ensure the reasonable use of bankruptcy assets.
Another creditor, Sunil Kavuri, also warned FTX creditors to be cautious of scam emails that exploit the uncertainty of the repayment timeline for fraud. Kavuri reminds users to obtain information only through the official claims portal and confirms that FTX repayments are expected to begin in March 2025, rather than in January as some misinformation claims.