FTX creditors will be paid out based on the dollar value of their deposits at the time of bankruptcy but many of the assets have quadrupled in value or more since FTX’s bankruptcy. The extra payment customers could receive remains far less than the gains they would probably have made from the return of their assets. Bitcoin was worth about $16,000 at the time of FTX’s collapse and is trading at about $70,000. The administrators have agreed to sell about two-thirds of the 8 per cent stake in Anthropic for about $884mn to a group of 22 investors, including ATIC and Jane Street, according to filings on Friday. FTX spent $500mn on the stake.

https://www.ft.com/content/ee1579c1-9837-4262-bafa-053cde94e538