Madoff's ponzi was larger, but the recovery rate was 88%. It looks like customers who didn't withdraw in time will end up with 0%.
A lot of this is just gambling. People need to go into it with the mindset that the money will be gone tomorrow, and then be pleasantly surprised if it doesn’t.
See this millionaire who is now worth $10k due to FTX: https://www.tiktok.com/t/ZTRxWq77B/
(I’ll believe it when the coin is in my wallet though. Till then, I mentally moved on a long time ago. It felt like the end of the world at the time, since it was my father’s savings that he’d worked for a decade to save up for his kid one day. Wiping it out over night wasn’t a good feeling, to say the least. But, life goes on, and I was fortunate it was only $11k. An expensive lesson, but one I needed to learn.)
Who operates the site?
The process has been slow (we’re almost at the one-decade mark) but it does seem to be progressing.
Whereas it’s hard to imagine FTX creditors having any hope whatsoever after this.