PANews reported on January 8 that according to CryptoSlate, FTX creditor Lidia Favario filed documents with the court, accusing the FTX bankruptcy management team of extravagant spending, which was contrary to the reasonable expenditure guidelines of the U.S. Department of Justice (DOJ). Favario cited some specific cases, including bankruptcy counsel spending up to $971.74 per night at luxury hotels in New York and staying in high-end places such as the Atlantic Resort. In addition, taxi costs in a single week reached $1,733, and even a single 5-minute taxi fare was as high as $151.33. Favario believes that these unreasonable expenses have harmed the interests of creditors and urged the court to expand the scope of the audit to ensure the reasonable use of bankruptcy assets.
Another creditor, Sunil Kavuri, also warned FTX creditors to beware of scam emails that exploit the uncertainty of the repayment timeline. Kavuri reminded users to only obtain information through the official claims portal and confirmed that FTX repayments are expected to begin in March 2025, not January as some false information claims.
