FTX, the bankrupt cryptocurrency exchange, is on track to distribute more than $12 billion to its creditors, a move that could significantly impact the broader crypto market. Industry observers are hopeful that this payout may lead to a Bitcoin rally, as the significant amount of liquidity returns to the ecosystem.
The current estimate indicates that FTX owes approximately $11.2 billion. This figure is expected to increase because of the interest associated with various investments. Stakeholders within the crypto industry are keeping a close watch on this development, anticipating potential market movements and changes in investor sentiment.
The prospect of large-scale repayments is generating interest and optimism among crypto enthusiasts. They believe that such a move could trigger one of the largest market shakes the sector has experienced recently. As repayments commence, all eyes will be on the resulting reactions across different cryptocurrency platforms and investments.
