FTX $1.6 Billion Creditor Payout Sept. 30 Turns Into Crypto’s Next Liquidity Test
- FTX to release $1.6B in third creditor payout, sparking relief and uncertainty
- Creditors may fuel crypto momentum or trigger sell pressure with fresh liquidity
- Repayments revive confidence but highlight lasting scars of FTX’s 2022 collapse
FTX creditors are bracing for another round of repayments, and traders are debating the fallout. On September 30, the FTX Recovery Trust will release $1.6 billion in its third round of creditor distributions.
For many victims of the 2022 collapse, this is long-overdue relief. But desks are split as some see new liquidity flowing back into crypto, while others warn of sell pressure if creditors cash out en masse.
Third Phase of Repayments
The September distribution marks the third phase of FTX’s recovery plan. Creditors will receive between 78% and 120% of their original holdings, depending on claim details.
Payments…
Read The Full Article FTX $1.6 Billion Creditor Payout Sept. 30 Turns Into Crypto’s Next Liquidity Test On Coin Edition.
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FTX $1.6 Billion Creditor Payout Sept. 30 Turns Into Crypto’s Next Liquidity Test
- FTX to release $1.6B in third creditor payout, sparking relief and uncertainty
- Creditors may fuel crypto momentum or trigger sell pressure with fresh liquidity
- Repayments revive confidence but highlight lasting scars of FTX’s 2022 collapse
FTX creditors are bracing for another round of repayments, and traders are debating the fallout. On September 30, the FTX Recovery Trust will release $1.6 billion in its third round of creditor distributions.
For many victims of the 2022 collapse, this is long-overdue relief. But desks are split as some see new liquidity flowing back into crypto, while others warn of sell pressure if creditors cash out en masse.
Third Phase of Repayments
The September distribution marks the third phase of FTX’s recovery plan. Creditors will receive between 78% and 120% of their original holdings, depending on claim details.
Payments…
Read The Full Article FTX $1.6 Billion Creditor Payout Sept. 30 Turns Into Crypto’s Next Liquidity Test On Coin Edition.
Read More
Wall Street Revival Tries to Claim ‘Abandoned’ Bitcoin On-Chain