**FTX Drama: When Hedge Funds Play Hardball**
- Nikolas Gierczyk, an FTX user, is suing hedge fund Olympus Peak, claiming they owe him more after he sold his FTX claims.
- Gierczyk sold his $1.59M claim at a 42% discount, getting $930K. Now, with FTX’s reorg plan, claims are worth 129%-146%.
- Olympus Peak could pocket over $1M from the deal, but Gierczyk says they’re not honoring his additional recovery rights.
- FTX’s reorg plan, approved by Judge John Dorsey, promises 100% payouts plus interest for non-gov creditors. 💸
- Some creditors argue they’ll only get 10-25% of their crypto back.
Stay tuned for more crypto drama!