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It’s funny that this is getting downvoted when it is true. It is more complicated though, the bankruptcy lawyers had to come up with some system to pay people
by peter422 3y ago
It’s funny that this is getting downvoted when it is true.
It is more complicated though, the bankruptcy lawyers had to come up with some system to pay people back, and if not for the huge run up in crypto prices, which happened mainly after the policy was locked in, it wouldn’t be so bad.
Still though it does seem a very generous to the other FTX creditors (I doubt the equity holders are getting anything).
- Scoundreller 3y ago> the bankruptcy lawyers had to come up with some system to pay people back I don’t think it’s a lawyer’s decision: per law, everyone’s unsecured debts get fixed at the date of bankruptcy filing converted into dollars.