FTX’s bankruptcy estate will begin its third wave of repayments on September 30, sending out $1.6 Bn and lifting total recoveries above$8Bn. Nearly three years have passed since the exchange collapsed, taking $8Bn in client assets. The payouts mark a step forward in unwinding Sam Bankman-Fried’s mess. But creditors remain divided over whether it’s enough. Moreover, could this trigger further sell-offs in the crypto markets? “It’s progress, but it doesn’t fully capture the opportunity cost,” one creditor ...