[cpitman]

Yeah, this is not creditors "making money". Anyone who had 1 bitcoin in FTX is not getting their 1 bitcoin back, which is massively more valuable.

Instead, they are getting 119% of the USD value of a bitcoin in late 2022. They are massively losing out. They are effectively getting back 33% of their assets.

[Scoundreller]

aren't a lot of the FTX creditors cash creditors? they're definitely making money.

Dunno what the breakdown between bitcoin and cash creditors are, but the only way to make bitcoin creditors more whole would be to stiff the cash creditors.

And the FTX token creditors are making [DIVIDE BY ZERO]

[csomar]

One way to think about it, is that if FTX was whole, then it's 119% cash (since that's the where the 19% is coming from).