FTX customers are slated to receive over $12 billion in payouts following a court-approved plan, offering relief to those whose digital assets have been inaccessible since the exchange's collapse.
This financial injection is considered a positive development for the cryptocurrency market, especially Bitcoin, as creditors get compensated for their losses.
The decision bodes well for former customers, marking a significant recovery step amid prior uncertainties in asset recovery.
The anticipated distribution has instilled positive sentiment among crypto enthusiasts who expect the move to potentially bolster Bitcoin's position in the market.
