FTX’s $1.6 Billion Payout: A Mixed Blessing for Crypto Creditors
Big news for those affected by the FTX disaster: starting September 30, creditors will receive a payout totaling $1.6 billion. After months of uncertainty, this distribution is a significant lifeline, allowing many to reclaim a large chunk of their losses. While some may see this as a clear win for crypto recovery, others are left wondering about the implications of such an influx of funds into the market.
What to Expect from the $1.6B Distribution
This payout is bittersweet for creditors, as it offers a chance to recover up to 95% of their losses. For those who had funds stuck in the exchange, this might be the only chance they get to see their money again. The recovery trust has been working diligently to maximize returns, and this…
