FTX creditors will only get 10-25% of their cryptocurrency, according to new bankruptcy documents, FTX creditor Sunil Kavuri shared.
- The refunds will be at prices on the date of the petition filing, when BTC was worth about $16,000.
- This has caused outrage among creditors, many of whom are suffering from stress and financial loss.
Kavuri claims Sam Bankman-Fried violated FTX's terms of service by using client funds to pay off debts.
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