FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
Summary
FTX bankruptcy victims seek ruling that $8 billion forfeited assets belong to customers, not the estate. Estate's reorganization plan offers 98% of creditors 118% of claims in cash, irking customers who missed out on crypto price surge. Attorneys claim bankruptcy process left customers feeling aggrieved and robbed. Former CEO SBF convicted of stealing $8 billion, plans to appeal. FTT token holders unlikely to receive compensation from the estate. Damages owed estimated at over $8 billion.
