The process of payments to FTX creditors is underway, users have started receiving emails. According to screenshots that have appeared online, users currently have the option to use only exchanges #Kraken or #BitGo to receive payments.
Let’s remember, as Sunil Kavoury (activist and representative of #FTX creditors) stated earlier, initially 6-7 billion $ will be distributed among FTX creditors. This stage will take place from January to March.
Currently, the bankrupt exchange has about 13 billion $ on its balance sheet, of which 7 billion $ will not be involved in the initial distribution (reserve for disputed claims).
#FTT is not reacting to the news, showing a decline corresponding to the movement in the entire market. The current rate is $2.8679, close to our entry point. Two orders of the zombie asset were purchased in December, with an average entry point of $2.9201. 'Buy and forget', with targets around '$16, and then we'll see'.