There is still a controversial situation ongoing in the crypto world. As you know, the FTX incident was a multi-layered crisis. According to the latest reports from creditors, it is interesting to see that they have received about 120% of their claims. In other words, theoretically, everyone should have recovered their money.

But here’s the interesting part: even though approximately 98% of the claims have been fully or mostly satisfied, this payment process is quite controversial. Last October, the platform's founder and team claimed that they never went bankrupt and that they had sufficient assets to pay customers. But we all know how it turned out.

The real issue arises here: creditors have purchased the assets at a certain price. This means that if the value of these assets increases, they miss out on those potential gains. The management strategy in this regard has been heavily criticized.

This incident has raised serious questions about bankruptcy processes and asset management in the crypto industry. Especially in such large-scale crypto crises, how should creditor protection and fair distribution mechanisms be? These are questions that can no longer be ignored. The market continues to learn lessons from these kinds of events.