Odaily Planet Daily News Kaiko pointed out in a report that as of last year, FTX estate had recovered nearly $4 billion in digital assets and was authorized to start selling some assets in September 2023. Since November 2022, FTX estate's asset recovery has benefited from the rebound in cryptocurrency prices, with key assets such as SOL, TON and TRX more than doubling in value. The 1% market depth of FTX's main assets (including SOL, DOGE, TON, TRX, BIT, XRP and native token FTT) has risen from $80 million to more than $200 million, enabling larger-scale sales without causing serious price disruptions. FTX also holds a number of smaller, less liquid tokens, some of which have almost no market value. These include tokens such as Oxygen (OXY) and Maps (Maps), which are particularly problematic for FTX estate due to FTX's overwhelming ownership. The exchange holds 99% of MAPS, 97% of OXY, and 95% of Serum (SRM). Given FTX's dominance in these assets, any attempt to sell them could cause their prices to drop to zero almost immediately. As a result, FTX estate has given a significant discount to its valuation. MAPS is considered worthless, OXY faces a 99.9% discount, and SRM is discounted by 18.6% due to liquidity issues. Other assets, such as BRC, BRLT, and BTRN, are worth zero because they are no longer traded. Earlier, John Dorsey, a judge in the Delaware Bankruptcy Court, decided to approve the plan at a hearing on Monday to begin distributing funds to creditors. Under the plan, 98% of creditors will receive at least 118% of the value of their claims in cash.

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