[SERIOUS]FTX Customers have collectively lost $4.7 Billion dollars of their frozen funds since FTX collapse began to date

FTX court filings dated December 30th indicate that FTX holds 195 Million FTT tokens, as well as 1938 ETH and other miscellaneous tokens that do not hold substantial value. Thus the following numbers as based on the FTT alone. Around the time when FTX customers first had difficulty accessing and ultimately lost access to their funds the value of FTT was ~$25 such that the total value of FTX's current FTT token assets were around $4.88 Billion at the time. However, at the time of writing the value of FTT has fallen around 96% since the FTX chaos and subsequent collapse first started. This leaves the FTT token losses at around $4.7 Billion to date due to market losses.

Unlike regular market losses, it is extremely unlikely that FTT will recover its losses as it wasn't due to the market volatility but rather a fundamental token issue. The token also currency holds zero utility as FTX is currently nonoperational. Even the remaining $195 Million or so in FTT market value would be difficult to capture as attempting to sell all those tokens would likely tank the market value even further.

As far as I understand it, presuming re-payments are to be in USD equivalent(and not token amount) which would be the expectation, FTX creditors are looking at being repaid a couple of pennies on the dollar. This is especially so for non-FTT holders even if re-payments are in token values. I don't know what the hell SBF meant by looking to make customers whole and new CEO Joy Ray has his work cut out for him. Even if Alameda magically re-obtained all the customer funds they gambled away, somebody would still have to hold a 96% loss in the FTT collateral value used to back loans for the gambled-away funds. Even from the bankruptcy date when there were 'only' $8 in liabilities, FTT prices fell a further 70% from that date's price to now. These FTX losses are truly haunting.