C5
Creditor Sentiments and Challenges
Creditors like Sunil Kavuri, owed $2 million, express relief but also frustration over the lengthy wait and valuation disputes. Many feel the repayment model, based on 2022 crypto prices, undervalues their losses given the market’s recovery. The process has been slowed by an overwhelming number of claims—reportedly “27 quintillion,” many duplicates or fraudulents. Despite these hurdles, the FTX Recovery Trust’s efforts reflect unprecedented coordination, with bankruptcy attorney Andrew Dietderich highlighting the complexity of managing such a vast creditor base.