FTX payments are $ 1.2 billion in a long -awaited recovery for the encryption industry

FTX Digital Markets is scheduled to start paying $ 1.2 billion for its creditors, which represents the first major distribution since the stock exchange collapsed in 2022.

FTX Digital Markets is scheduled to start paying $ 1.2 billion for its creditors, which represents the first major distribution since the stock exchange collapsed in 2022. Payments will start with a prohibited priority for creditors of less than $ 50,000. This is part of the continuous bankruptcy process after the fall of FTX, which led to losses of $ 9 billion throughout the industry.

The payment is calculated based on the prices of cryptocurrencies as of November 2022, when the value of bitcoin was estimated at $ 20,000. Since then, Bitcoin has increased by more than 390 %, thwarting many creditors who argue that payment does not reflect the current market value of their assets. Nevertheless, the distribution can significantly affect the liquidity of the market, as some analysts speculate that part of the payment boxes may be due to encryption investments.

Alfayen Kan, the chief operating officer at Bitget Wallet, noted that although some payment boxes may return to the market, it is difficult to predict the broader effect. He stressed that the payment process is important in terms of capital movement and investor morale. Traders are divided on how to use money, as some expect Bitcoin to benefit from it, while others believe that the beneficiaries will give priority to payment of debts or other financial needs for speculative investments.

The collapse and network of FTX, which includes more than 130 subsidiaries, led to one of the harshest encryptions in history, as the price of bitcoin decreased to $ 16,000. While the payment process represents an important milestone, not all creditors see yet. Many large claims are still unlawful, and the long -term effect on the market depends on how to choose beneficiaries to use their recovered money and whether future plurals are running smoothly.

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