FTX’s Repayment Plan Hints at a Bullish Buy Back

The FTX customer repayment saga continues to unfold, with a recent update from crypto influencer MartyParty catching the attention of his 96.9K followers. Earlier today, he revealed that FTX creditors are expected to receive a cash payout of $14 billion to $16 billion in October and November. While the platform plans to buy back the […]

The post FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers appeared first on Coin Edition.

FTX’s Repayment Plan Hints at a Bullish Buy Back

  • FTX creditors expected to receive $14-16 billion in cash payouts this fall.
  • Some customers unhappy with the plan, demand greater compensation.
  • Recovered assets include misappropriated funds invested across various sectors.

The FTX customer repayment saga continues to unfold, with a recent update from crypto influencer MartyParty catching the attention of his 96.9K followers.

Earlier today, he revealed that FTX creditors are expected to receive a cash payout of $14 billion to $16 billion in October and November. While the platform plans to buy back the funds, MartyParty sees this as a positive sign for the crypto market, citing it as a “bullish” indicator.

Since FTX’s collapse in 2022, customers have been eagerly awaiting their refunds. In May 2024, the platform filed a Reorganization Plan, aiming to compensate affected customers with between $14.5 and $16.3 billion.



FTX, working alongside sev…

The post FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers appeared first on Coin Edition.