Finally heard a decent positive news, hope it can support today's rebound and add icing on the cake!
FTX's first phase of repayment will return 6.5 to 7 billion dollars, as everyone knows, the repayment is basically in USDT, with so much USDT entering the market, altcoins are generally at the floor, looking forward to buying the dip and lifting it up! With one strong push, reclaim lost ground!
According to Cointelegraph, FTX will start repaying 16 billion dollars of creditor debt on February 18, 2025, with the first phase repaying 6.5 to 7 billion dollars. Compensation payments will be calculated based on prices from November 2022.
Previously, FTX creditor representative Sunil disclosed on X that FTX plans to start debt repayment at 10 AM Eastern Time on February 18, 2025. This repayment will prioritize creditors with claim amounts below 50,000 dollars.