Analysts from K33 Research, Vetle Lunde and Anders Hesleth, published a report on May 14 about the bankrupt cryptocurrency exchange FTX. They state that the planned cash payouts to FTX creditors could trigger a wave of buying pressure in the cryptocurrency market.
According to the latest information, FTX is set to pay out at least $14.5 billion to creditors. This amount, which was recovered after the exchange’s bankruptcy in November 2022, can be used to compensate its clients.
These clients are expected to receive compensation in cash (dollars), rather than in the cryptocurrencies they held on the platform at the time of its collapse.
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