After filing for bankruptcy, FTX co-founder Sam Bankman-Fried was hit with a 25-year prison sentence and ordered to pay $11 billion, but filed an appeal, leaving uncertainty on restitution timing.
FTX's chief restructuring officer, John J. Ray III, uncovered $8 billion in missing funds scattered across real estate, political donations, VC investments, including a $884 million sale from a $500 million investment.
Initially slim recovery chances for investors impacted by the FTX crash improved as investigations uncovered paths for clawing back investments, leading to a significant percentage of creditors receiving their assets' full value plus compensation.
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