Lidia Favario, a creditor of FTX, expressed concerns over the extravagant spending of bankruptcy managers handling FTX’s proceedings. She noted that consultants involved in the process had incurred HIGH expenses, including stays at luxury hotels like the five-star Du Pont Hotel in Delaware and expensive taxi rides, all contrary to the guidelines set by the Department of Justice.

Amidst these revelations, another creditor, Sunil Kavuri, warned of an increase in fraudulent emails targeting FTX creditors. These scams aim to exploit confusion about repayment timelines. He advised recipients not to click on any links and to rely only on official communication channels for updates, warning of misinformation spread by some community influencers.