"I think this is a model case for how to deal with a very complex Chapter 11 proceeding. I applaud everyone involved in the negotiation process."
"Generally, anything over 100 cents on the dollar is close to miraculous. What tends to happen is that unsecured creditors get cents on the dollar, if they're lucky."
The administrators of the FTX estate were able to recover billions of dollars by liquidating investments made by the exchange's venture capital arm, FTX Ventures, and its sister company, Alameda Research.
A year later, FTX founder Sam Bankman-Fried was convicted of multiple counts of fraud and conspiracy, then sentenced to 25 years in prison.
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