Will FTX Creditor $12 Billion Payouts Revive the Sluggish Crypto Market?
The cryptocurrency market may see a significant capital injection in the coming months, as FTX creditors are poised to receive over $12 billion in payouts. This influx is anticipated after a court-approved repayment plan, which raises the question of whether this substantial sum could rejuvenate a currently sluggish market.
FTX Creditor Payouts Could Spark Crypto Market Revival
In June, the bankrupt exchange reported it had $12.6 billion to return to customers. More so, estimates suggests this could increase to $16.5 billion as more assets are liquidated. The initial distributions, totaling about $1.1 billion, are relatively modest but are expected to provide a much-needed boost to…
