On October 8, Presto Labs' latest report showed that retail investors' enthusiasm for FTX's court-approved bankruptcy plan may be premature. In the report, analysts questioned whether the $16 billion in cash paid to creditors as part of the plan would flow back into the cryptocurrency market. FTX expects the total value of the property available for distribution to be between $14.7 billion and $16.5 billion. This amount includes assets controlled by various entities. Presto Labs said: It is too early to assume that creditors will directly put this cash into the market. Making such a general assumption requires at least some analysis of the composition of creditors, and as far as we know, no one has done this publicly yet. The research company noted that repayment will begin within 60 days of the effective date of the plan, but the specific date has not yet been determined. This timetable suggests that any potential market impact will not happen soon.
