Everyone is waiting for FTX to start paying off debts to its clients. This event greatly affects the cryptocurrency market. Yesterday, a message appeared on the official account of the X exchange FTX that they plan to pay out $9.2 billion to their customers by mid-2024.
But FTX plans to exclude from its calculations any insiders and other clients who may have known about the commingling and misuse of deposits and corporate funds.
If they plan to pay in the second quarter of 2024, does that mean they will sell off their assets in advance? If FTX watches the market and the market goes down, they will push it further down.