it's unclear what money the payouts will come from, bankruptcy implies a lack of funds and assets that cannot be sold
Chilen1991
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💰Payments to FTX Creditors Have Begun: $14-16 Billion Will Be Returned in Stablecoins
The FTX exchange has initiated the process of compensating creditors, planning to pay out $14-16 billion in stablecoins over the next 60 days.
Expected consequences: - Part of the funds may return to the market, creating additional liquidity. - This could serve as a catalyst for the growth of cryptocurrency prices, especially if investors reinvest the received funds into BTC, ETH, or other assets.
The payouts will also help restore trust in the crypto market, emphasizing the importance of accountability to users.
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