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FTX is preparing to return over $5 billion to its users and creditors. The repayments will begin on May 30 as part of its bankruptcy process. This step marks the next step in the bankrupt exchanges plan to return money to those who are owed. After three years of FTX bankruptcy, the collapsed exchange is […]
Almost 400,000 individuals who are owed money by the collapsed crypto platform FTX stand a chance to lose access to a combined $2.5 billion in repayments due to not starting the required Know Your Customer (KYC) process verification that was to end on the 3rd of March. On the 2nd of April, a court filing […]
FTXs $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.
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