#FTXrepayment FTX payments totaling $1.2 billion represent a significant milestone in the long-awaited recovery of the crypto industry.

The payments are calculated based on cryptocurrency prices from November 2022, when Bitcoin was worth around $20,000. Since then, Bitcoin has risen by more than 390%, which has disappointed many creditors who argue that the payout does not reflect the current market value of their assets. Despite this, the distribution could significantly impact market liquidity, and some analysts suggest that some of the returned funds may flow back into crypto investments.

According to FTX creditor Sunil, who is part of the largest group of creditors of the exchange, more than 1,500 claimants will receive payouts in this initial round.