FTX's bankruptcy is yielding an unexpected outcome and creditors could receive up to 142% of what they are owed. This remarkable recovery is due to FTX's asset liquidation and the recent cryptocurrency boom.

When the cryptocurrency market was experiencing a massive comeback in March, we made a joke about the creditors of Sam Bankman-Fried's bankrupt exchange, FTX, and predicted that they would get 200% of their claims back.

We were right, as it turns out—as is often the case in the "n...