, the claimants’ names haven’t been redacted, according to documents released recently in Delaware. They provide an insight into the sprawling nature of Sam Bankman-Fried’s crypto empire — and the daunting task faced by insolvency practitioners in figuring out who is owed what. The case involves more than aCreditors entangled in the meltdown of FTX, which was once one of the biggest crypto exchanges in the world, include a Frankfurt-based financial institution.
“I want to know how to get my money back, after all that’s all my savings over the last few years,” said a Chinese creditor whose claim is worth just over $21,000. “I desperately need your help.” It remains unclear just how much money will be generated from the wind-down of FTX, and it’s possible that many creditors will receive only fractions of what they are owed, if anything. The process can take months in smaller cases and years for bigger multi-billion dollar bankruptcies. The alleged debts, which are typically unsecured, will be subject to a process designed to weed out any bogus, inflated or duplicated claims.
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