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A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.