https://www.investopedia.com/why-ftx-plan-to-refund-90-percent-of-recovered-assets-doesnt-add-up-to-90-percent-of-what-customers-lost-8362556 https://www.invest

https://www.investopedia.com/why-ftx-plan-to-refund-90-percent-of-recovered-assets-doesnt-add-up-to-90-percent-of-what-customers-lost-8362556 https://www.investopedia.com/why-ftx-plan-to-refund-90-perce... > FTX expects to pay all customers in full, although it will calculate their repayment based on cryptocurrency prices from November 2022, when FTX filed for bankruptcy amid a prolonged slump in the crypto market, rather than at the present, higher value of crypto assets. November 2022 was a bottom they themselves created. Bitcoin has tripled in value since then so paying in USD is a huge loss for the affected customers. And let’s not neglect the massive fees that the bankruptcy lawyers for FTX have raked in. > The filings also show that FTX has paid lawyers a total of $350 million since bankruptcy proceedings began earlier this year and that from August to October, it shelled out somewhere in the region of $1.4 million per day. That was from Dec. 2023 I’m sure it is much more now. That money comes from somewhere.