CoinVoice has recently learned that according to the latest revised bankruptcy documents shared by FTX creditor Sunil Kavuri, FTX creditors may only be able to recover 10-25% of their cryptocurrencies.

Kavuri explained that creditors will be compensated based on the price of cryptocurrency on the date of the application, which was much lower than it is today. For example, at the time the legal application was filed, the price of Bitcoin was around $16,000. Kavuri said that many FTX customers have suffered mental distress, panic attacks, divorce, and even suicidal thoughts due to the theft of their life savings. Other creditors have expressed similar anger. Kavuri also pointed out that Sam Bankman-Fried violated FTX's terms of service and the broader definition of property rights by using customer funds to repay outstanding debts.

It is reported that the FTX bankruptcy management team has reached an agreement with Emergent Technologies, founded by Bankman-Fried, to obtain $600 million in Robinhood shares to repay creditors. [Original link]