FTX Creditors' Payout Could Revitalize Crypto Markets by Year-End
FTX plans to return $12.6 billion to creditors, potentially boosting cryptocurrency liquidity and prices by late 2024, despite a gradual repayment process.

FTX plans to return $12.6 billion to creditors, potentially boosting cryptocurrency liquidity and prices by late 2024, despite a gradual repayment process.
In a recent update, most FTX creditors approved a bankruptcy repayment plan that could return over $6 billion to investors. However, the settlement process may extend through the end of the year before users see their funds.
FTX has unexpectedly changed its payout plans, allocating only 10-25% of recovered assets to crypto holders while setting aside $230 million for preferred shareholders. Many creditors are outraged, feeling blindsided by these revisions and frustrated that reimbursements are based on much lower asset prices from the time of bankruptcy.
Kraken’s handling of Bitcoin payouts for Mt. Gox creditors has led to significant dissatisfaction due to verification issues. While the exchange insists that these issues are due to account standards, the slow response from customer support has compounded user frustration.
BitFlyer plans to acquire FTX Japan for billions of yen, aiming to reposition it as a digital asset management firm for institutional investors. FTX's restructuring involves selling subsidiaries to repay creditors, with ongoing disputes over cash versus crypto repayments.
Mt·Gox,观点:Mt.Gox的14.2万BTC赔付或引发抛售潮 金色财经,这种预期源于Mt. Gox债权人的漫长等待。
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