FTX will begin repaying debts from January 3, 2025, and is expected to last for 60 days.
According to my research, the amount of 16 billion dollars that FTX will use to pay creditors is expected to include both cash (USD) and cryptocurrency assets (crypto) that FTX currently holds. In the bankruptcy process, repayments are typically made based on the overall value of the assets the company has, including both cash and cryptocurrency assets.
The specific details regarding the ratio of repayment in USD or cryptocurrency will depend on the agreement between the company and the creditors as well as the value of the assets at the time of liquidation.
In the near future, it is likely that additional liquidity will be injected into the market.
