#FTXrepayment The collapse of FTX in 2022, driven by Alameda Research’s massive losses and Sam Bankman-Fried’s (SBF) mismanagement, remains one of the most significant financial scandals in crypto history. When FTX begins paying back users in 2025, its impact on the market is uncertain but potentially significant. A large-scale payback could inject billions of dollars back into the market, increasing liquidity and possibly boosting investor confidence. However, if creditors liquidate their recovered assets quickly, it could create selling pressure on major cryptocurrencies like Bitcoin and Ethereum. Additionally, the psychological effects of FTX’s failure may still haunt investors, keeping market sentiment fragile. The extent of the impact will depend on how the payback proceeds.