$BTC

#FTXrepayment FTX collapsed due to mismanagement of funds, lack of liquidity, and large withdrawal volumes. Binance announced that it would buy FTX to prevent a larger market crash, but quickly backed out of the deal when new reports of mishandling client funds surfaced. An email was sent to the creditors of the FTX exchange stating that the distribution of funds would begin on February 18. Initially, compensation payments to investors affected by the platform's collapse will be limited to $50,000 per claim. After the exact date for starting payments to creditors became known, the ecosystem token FTT showed a 12% increase.