#FTXrepayment FTXrepayment

The FTX platform was one of the largest cryptocurrency exchanges until it declared bankruptcy in November 2022, due to mismanagement and the use of customer funds in risky investments. In August 2024, a US court ordered the platform to pay $12.7 billion to customers and fraud victims, with a permanent ban on its dealings in digital assets.

As for its native token FTT, it saw a sharp decline in its value after the collapse of the platform. Currently, FTT is trading at around $1.96. Some analysts expect the price to rise to $2.68 by the end of 2025, and to $4.53 by the end of 2029. However, it should be noted that these forecasts depend on several factors, including legal and regulatory developments, and the restoration of investor confidence in the cryptocurrency ecosystem.