>FTX added that a jump in crypto prices since the company failed had not given its finances a major boost. It said almost all of the Bitcoin and other digital currencies believed to have been held by the exchange at the time of its collapse were missing.

>The price of the biggest cryptocurrency, Bitcoin, has risen by around 270% since the firm filed for bankruptcy more than a year and a half ago.

the problem with your logic is that it misunderstands what theft is because you are looking nominal value instead of opportunity cost. he took peoples money, he gambled it, and theyre generally going to get back a little more than the nominal value of their claims.