$1.9 Billion In FTX Payouts To Hit Crypto Market Soon, Here’s When
$1.9 billion in FTX repayments could soon enter the crypto market, providing a bullish outlook for crypto prices. This follows an announcement by the estate of the defunct exchange regarding the resolution of undisputed claims, clearing the way for the next repayments.
The Market Awaits Next FTX Payouts Of $1.9 Billion
In a press release, FTX announced that it has received authority from the Bankruptcy Court to reduce the disputed claims reserve by $1.9 billion, providing a green light for the next repayments. The defunct exchange will release this cash for distribution to holders of allowed claims. This is bullish for the crypto market as these holders could inject this cash into crypto assets.
According to the press release,…
