Using the spreadsheet provided you would be able to calculate each wallet’s net loss on their position, so meaning the cbETH they had minus the debt they had on their wallet.
This is a way more feasible amount of funds that could be reimbursed to the community. This implies not all 1096cbETH should be payed back.
It could be closer to 20% of the cbeth if everyone would have a health factor of 1. For me with a health factor 0f 2.13 my net loss is 61%. Take me as the average it would be about 666cbETh to be repayed.
Just tracking 2 of the top wallets in the list there is already 350k dollars in debt that can be substracted from the 1096cbETH so that’s minus about 114.5cbETH.