#FTXrepayment it was difficult for the advisors who took control of FTX to calculate how much cash and other assets the company held, due to its lax record-keeping. They initially thought the company would only be able to repay a portion of what customers were owed.

But that changed throughout the bankruptcy proceedings as advisors rediscovered missing assets and the crypto market rebounded. Another boon for the estate was the sale of FTX’s holdings in AI startup Anthropic last March, which was worth more than $880 million.