FTX Creditors Face 9%-46% Recovery on Crypto Assets as Paradex Airdrops and Other Projects Roll Out

An industry source close to FTX creditors reports that the recovery rate on crypto assets is estimated between 9% and 46%. With current crypto pricing, the recoverable value may be even lower when measured in crypto terms. Even if the nominal payout ratio reaches 143%, the crypto‑equivalent payoff may still fall short of full restitution.

Beyond the bankruptcy framework, partial‑project airdrops are expected to bolster creditor recoveries. Paradex has already distributed to FTX claimants, and additional programs are anticipated as more projects extend relief outside formal proceedings.

Investors should monitor evolving distributions, as non‑bankruptcy airdrops can alter the ultimate recovery landscape and creditor outcomes. Ongoing transparency and risk assessment are essential as cash, tokens, and future airdrops shape the final balance sheet.