If you keep resisting, you'll be finished. A new round of bull market has begun. FTX has started to gradually repay 16 billion USD today. This 16 billion will almost all return to the cryptocurrency market. You're still shorting; isn't that just asking for trouble?
During this period, the market's fluctuations are not very large. Perhaps this time is when the FTX exchange is slowly cashing out other cryptocurrencies in preparation for compensation. It all depends on how much capital can flow back into FTT.
The fluctuations during this period are not very large, perhaps during this time FTX is slowly cashing out other currencies in preparation for payouts.
$FTT BlockBeats News, on January 2, according to the official announcement, Binance will expand the monitoring tag to STMX and TROY, remove the monitoring tags for CVX and SUN, and remove the seed tags for ARKM, BLUR, JTO, and TIA.
It's surprising that FTT has such a high market value and still has not removed the monitoring tag.
The first round of compensation has officially come into effect, and the exchange restructuring plan has begun to rotate.
未来不是梦
--
$FTT BlockBeats News, on December 29, according to data disclosed by HODL15 Capital, FTX will include $16 billion in cash in the first round of repayment distribution that will officially take effect on January 3, 2025.
BlockBeats previously reported that on December 17, FTX and its affiliated debtors announced that the Chapter 11 reorganization plan approved by the court would officially take effect on January 3, 2025. The first round of distribution will commence within 60 days after the effective date and is only available to approved creditors in the Convenience Classes. FTX has reached agreements with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services to retail and institutional clients. To be eligible for the first round of distribution, users must complete the following steps before January 3, 2025:
Log in to the FTX debtor client portal; complete KYC identity verification; submit necessary tax forms; register with BitGo or Kraken.
Teams can be restructured, but do you know how much it would cost to restructure an exchange? After all, FTX had a huge user base and was once one of the top three exchanges in the world. Look at all the small exchanges now; they have no user base and it's very difficult for them to survive.
Web3撸毛家
--
FTX will repay $16 billion in cash, and claims processing will begin on January 3, 2025. This wave of funds arriving next year, $16 billion will be distributed to retail investors. Brothers, what are we pushing for this time? FTT is very likely to restart. I’ve been saying around 1.5, previously the highest was around 4. If it restarts, it’s not excluded that it could directly surge to 20 USD, it has been washed for a year. $FTT bankruptcy concept
$FTT BlockBeats News, on December 29, according to data disclosed by HODL15 Capital, FTX will include $16 billion in cash in the first round of repayment distribution that will officially take effect on January 3, 2025.
BlockBeats previously reported that on December 17, FTX and its affiliated debtors announced that the Chapter 11 reorganization plan approved by the court would officially take effect on January 3, 2025. The first round of distribution will commence within 60 days after the effective date and is only available to approved creditors in the Convenience Classes. FTX has reached agreements with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services to retail and institutional clients. To be eligible for the first round of distribution, users must complete the following steps before January 3, 2025:
Log in to the FTX debtor client portal; complete KYC identity verification; submit necessary tax forms; register with BitGo or Kraken.