Crypto bankruptcies generally end with full repayment of losses, sometimes even more. That’s a fact.
Celsius users got a 80% paycut, they didn't get paid in full.
MtGox victims get paid more in $ *not counting inflation) because the assets appreciated, if not they would have got 10%.
Ftx? Paycut!
3AC? Recovered less than 1% through chapter 15!
The success stories you hear are just because BTC appreciated 3x or 6x times between the loss and the reimbursement, but the money was always paid in $. How would you feel if your brokerr would pay you back at the price of shares back in the 70s?