Let's consider bitcoin, the largest cryptocurrency by market capitalization, as a proxy for the broader cryptocurrency markets. On Nov. 11 of last year, the petition date, bitcoin was trading around $17,000. On Friday, it crossed $30,000."
And chances are that bitcoin will be higher than it is now by the time FTX actually starts sending the money to their debtors, meaning even bigger loss.
I talked with few friends who have money stuck in FTX and they all pretty much say that is the least of their concern and at this point they would be happy if they get 100% of the money out even if it was only in the dollar value as they already accepted that they lost everything they had there.