🚨 FTX Repayments Begin May 30 – Here’s the Real Deal 🚨
There’s been a lot of noise around FTX repayments, so let’s clear things up in plain terms:
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📅 Date to Know:
May 30, 2025 – That’s when FTX starts repaying users.
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💵 What Are They Paying With?
• Cash (USD) only — not crypto
• Payouts are based on crypto prices from Nov 11, 2022
(So if you had BTC, it’s valued at ~$16K, not today’s price)
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👥 Who Gets Paid First?
• People with claims over $50,000
• Payments handled through BitGo & Kraken
• You’ll need to complete KYC and tax forms on the FTX portal
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📉 Why Is the Market Dipping?
• Some think FTX is dumping crypto (they’re not)
• Others are holding back liquidity, waiting on their payouts
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💰 What’s the Upside?
• Around $14–$16 billion will be returned to users
• Much of this cash could flow back into crypto
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🚀 What’s Next?
Once payouts begin, expect:
• More liquidity
• New capital entering the market
• Improved sentiment from retail and whales
✅ Final Thought:
Don’t let panic drive your decisions. The smart money is patient — and prepared.#CryptoRegulation