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FTX Fund Recovery: Current Status, Market Implications, and Controversial Issues Summary of key points Starting February 18, 2025, the bankrupt crypto exchange FTX began paying $1.2 billion to the first group of creditors whose claims do not exceed $50,000. This step is part of a large-scale recovery plan totaling $16 billion, approved by the Delaware court in October 2024. Despite positive signals for the market, the methodology for calculating payments based on November 2022 prices has faced criticism, as the current value of Bitcoin ($98,000) and Ethereum ($2,698) significantly exceeds levels during the bankruptcy period. Experts predict partial reinvestment of returned funds into crypto assets, which may enhance liquidity, but risks of regulatory and legal complications remain.
briefly about #FTXrepayment - FTX Payments: Main On February 18, 2025, FTX began payments of $1.2 billion to small creditors as part of a $16 billion plan. Settlements based on November 2022 prices (Bitcoin: $16k → $98k; Ethereum: $1.2k → $2.7k) sparked controversy. Creditors demand the return of crypto assets, but the SEC insists on dollars. The initial payments boosted Bitcoin (+$2k) and Ethereum (+$150), however, the effect is limited (7.3% of the total plan). Risks of delays due to lawsuits and misinformation. The case highlights the need for standards in asset storage and regulatory harmonization.
Binance Will Add Across Protocol ($ACX ) and Orca ($ORCA ) on Earn, Buy Crypto, Convert, Margin & Futures https://www.binance.com/en/support/announcement/bb1e28bf562341cfbd67791081533fa0