FTX is on the verge of making a substantial repayment of $1.2 billion to its creditors, a move scheduled for February 18. This repayment marks a crucial phase in the ongoing bankruptcy process of the cryptocurrency exchange. The upcoming financial compensation is anticipated to play a significant role in the recovery of the cryptocurrency industry, which has been observing this development closely.
The return of such a large sum to creditors demonstrates FTX’s commitment to resolving its financial obligations and signifies a hopeful recovery trajectory for the beleaguered exchange.
Sumber: cointelegraph.com ↗