COURT APPROVES FTX PLAN: IS A HUGE CASH FLOW INTO THE MARKET?
Judge#DorseyApproves #FTX 's Debt Repayment Plan
Some Points to Note:
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Debt will start to be repaid after 60 days (Dec 8th), only for creditors with claims under $50K
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Creditor claims greater than $50K must wait until Q1 2025
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#FTX is required to repay at least 118%, debts are valued at $BTC at $16K
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Repayment in cash
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Most creditors are from the previous cycle and have no interest
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A group of people confirmed to have sold the debt to a third party
=> the main trend of creditors is to reinvest
=> $14B - $16B cash flow will flows into the market during the period December 2024 - Q1 2025
