FTX’s $1.9B Payout Could Boost Crypto Markets in September
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FTX’s next creditor payout, set for September 30, could bring fresh liquidity to crypto markets as $1.9 billion is unlocked for distribution.
The bankruptcy court approved the reduction of reserves, freeing up funds for claimants.
The exchange has already repaid $6.2 billion across two prior rounds, with this latest tranche expected to be processed via BitGo, Kraken, and Payoneer. Traders speculate that the influx of funds could fuel buying pressure, particularly in altcoins.
While 98% of creditors will recover 119% of their 2022 claim values, some argue this undervalues their holdings given today’s higher crypto prices. The exact Sept. 30 payout amount remains undisclosed, but the record date for eligibility is August 15.
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