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It's weird that people who had dollars on FTX can get 118% back but crypto "has to" take a massive haircut.
by wmf 2y ago
It's weird that people who had dollars on FTX can get 118% back but crypto "has to" take a massive haircut.
- FireBeyond 2y agoGenerally, you're not entitled to potential losses as a bankruptcy creditor. Those creditors were welcome to sue the entity in bankruptcy for their potential losses, but that would involve demonstrating they'd have had the wherewithal to hold to the point of the gains they're claiming. I do think that FTX creditors should not have profited out of the bankruptcy proceedings, either.