FTX creditors may get less due to inflated crypto values, with recovery rates estimated between 9% and 46%. Bitcoin’s 143% fiat payout equals 22% in real BTC, Ether’s 143% equals 46%, and Solana’s equals 12%. Airdrops from external projects could provide additional recovery for FTX creditors. First $1.2 billion payout already distributed.

Former FTX CEO Sam Bankman-Fried’s appeal hearing set for Nov. 4 to overturn his fraud and conspiracy conviction. Legal team filed appeal in September 2024, arguing he was never presumed innocent and prosecutors misrepresented FTX funds handling. Appeal challenges 2023 conviction on seven felony counts. Magazine: Bitcoin OG Kyle Chassé close to YouTube permaban.

Read more at Cointelegraph: FTX Creditors May Recover as Little as 9% After Adjusting for Crypto Prices