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Ikigai Asset Management's Travis Kling suggests Google's $2 billion investment in Anthropic may aid FTX's bankruptcy recovery, with a potential 1:1 asset-to-deposit ratio. 🤝💼 #FTXRecovery #CryptoNews
Ikigai Asset Management's Travis Kling suggests Google's $2 billion investment in Anthropic may aid FTX's bankruptcy recovery, with a potential 1:1 asset-to-deposit ratio. 🤝💼 #FTXRecovery #CryptoNews
1. Pantera Raising Funds to Buy Solana Holding From FTX Image Concept: A stylized panther collecting glowing Solana (SOL) tokens amidst digital ruins or fragments representing the collapse of FTX. The image should have a hopeful aura, emphasizing strategic acquisition in adversity. Post Text: Dive into Pantera Capital's strategic maneuver as they raise funds to secure a significant Solana token trove from FTX's estate. A 39% discount opportunity beckons—are you ready for the long haul? #PanteraCapital #SolanaSOL #FTXRecovery #CryptoInvestment #BlockchainNews
1. Pantera Raising Funds to Buy Solana Holding From FTX
Image Concept: A stylized panther collecting glowing Solana (SOL) tokens amidst digital ruins or fragments representing the collapse of FTX. The image should have a hopeful aura, emphasizing strategic acquisition in adversity.
Post Text: Dive into Pantera Capital's strategic maneuver as they raise funds to secure a significant Solana token trove from FTX's estate. A 39% discount opportunity beckons—are you ready for the long haul?

#PanteraCapital #SolanaSOL #FTXRecovery #CryptoInvestment #BlockchainNews
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Bullish
⚠️ Scam Alert! ⚠️ 🚨 FTX and BlockFi users are being targeted by fake emails.✉️ ✅ Millions Lost: Scammers have stolen over $7 million in crypto and NFTs. 💸 ✅ How It Happened: The scammers used a compromised email list from a recent data breach. 📧➡️🔓 ✅ Stay Safe: Always double-check official sources before responding to financial emails. ✅ ✅ No Quick Fixes: Remember, FTX’s restructuring is still pending, so be wary of promises for quick withdrawals. 🚫💨 #ScamAlert #scam #FTXRecovery #alert $FTT $FLOKI $BONK
⚠️ Scam Alert! ⚠️
🚨 FTX and BlockFi users are being targeted by fake emails.✉️
✅ Millions Lost: Scammers have stolen over $7 million in crypto and NFTs. 💸
✅ How It Happened: The scammers used a compromised email list from a recent data breach. 📧➡️🔓
✅ Stay Safe: Always double-check official sources before responding to financial emails. ✅
✅ No Quick Fixes: Remember, FTX’s restructuring is still pending, so be wary of promises for quick withdrawals. 🚫💨
#ScamAlert #scam #FTXRecovery #alert
$FTT $FLOKI $BONK
FTX, Alameda ordered to pay $12.7B to creditors by U.S. judge FTX and trading firm Alameda Research will pay $12.7 billion to creditors after the approval of a consent order by a New York judge, ending a lawsuit from the Commodity Futures Trading Commission. The order bans FTX and Alameda from trading digital assets and acting as intermediaries in the market, but does not include civil penalties. #FTXRecovery
FTX, Alameda ordered to pay $12.7B to creditors by U.S. judge

FTX and trading firm Alameda Research will pay $12.7 billion to creditors after the approval of a consent order by a New York judge, ending a lawsuit from the Commodity Futures Trading Commission.

The order bans FTX and Alameda from trading digital assets and acting as intermediaries in the market, but does not include civil penalties.
#FTXRecovery
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 Emergency News about FTX 🛑🛑🛑🛑🛑 FTX and Alameda Ordered to Pay $12.7B in CFTC Settlement ⚖️ A US District Judge has approved a massive $12.7 billion settlement between FTX, Alameda Research, and the Commodity Futures Trading Commission (CFTC). This settlement aims to compensate creditors who were affected by the collapse of FTX and Alameda. Key Details of the Settlement 📝 The settlement requires FTX and Alameda to pay $12.7 billion to creditors, providing much-needed relief to those affected by the collapse. This is a significant development in the ongoing saga of FTX and Alameda's bankruptcy. Implications of the Settlement 🤔 This settlement marks a major milestone in the efforts to recover funds for creditors. However, it also raises questions about the future of FTX and Alameda, as well as the broader implications for the crypto industry. Justice Served? 👮 The approval of this settlement brings a sense of closure to the affected creditors. However, it also highlights the need for increased regulation and oversight in the crypto industry to prevent similar collapses in the future. #KaleemsCryptoMehfilKCM #Write2Earn! #FTXTrial #FTXRecovery #MarketDownturn
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Emergency News about FTX 🛑🛑🛑🛑🛑

FTX and Alameda Ordered to Pay $12.7B in CFTC Settlement ⚖️

A US District Judge has approved a massive $12.7 billion settlement between FTX, Alameda Research, and the Commodity Futures Trading Commission (CFTC). This settlement aims to compensate creditors who were affected by the collapse of FTX and Alameda.

Key Details of the Settlement 📝

The settlement requires FTX and Alameda to pay $12.7 billion to creditors, providing much-needed relief to those affected by the collapse. This is a significant development in the ongoing saga of FTX and Alameda's bankruptcy.

Implications of the Settlement 🤔

This settlement marks a major milestone in the efforts to recover funds for creditors. However, it also raises questions about the future of FTX and Alameda, as well as the broader implications for the crypto industry.

Justice Served? 👮

The approval of this settlement brings a sense of closure to the affected creditors. However, it also highlights the need for increased regulation and oversight in the crypto industry to prevent similar collapses in the future.

#KaleemsCryptoMehfilKCM #Write2Earn! #FTXTrial #FTXRecovery #MarketDownturn
Ftx is to pay back their customers.. gee SBF wali exchange is paying back.. and paying back in USDC(crypto token, will be paid to the people jinke funds phass gaye thy bankruptcy me) and that's about $15B in usdc... Back in crypto.Aan dyo #FTXRecovery #Write2Earn! #binance4ever
Ftx is to pay back their customers.. gee SBF wali exchange is paying back.. and paying back in USDC(crypto token, will be paid to the people jinke funds phass gaye thy bankruptcy me) and that's about $15B in usdc... Back in crypto.Aan dyo
#FTXRecovery
#Write2Earn!
#binance4ever
ATTENTION TRADERS !!!!!!!! 🔴CAN YOU IMAGINE WHAT WILL HAPPEN WHEN FTX PAY 🔴 🔵 The fourth quarter of 2024 is expected to be significant for the crypto market due to several factors: Mt. Gox Repayment: The repayment process from the Mt. Gox incident could introduce volatility in the market, as large amounts of Bitcoin might be released back to the original owners. 🔴 FTX Creditor Payments: FTX’s plan to distribute $16 billion to creditors could have a considerable impact on market liquidity and investor sentiment. 🟢 Interest Rate Cuts: Potential rate cuts could increase market liquidity, possibly leading investors to seek higher returns through cryptocurrencies. US Election: The presidential election may affect regulatory outlook and market sentiment, influencing the crypto market’s direction. 🟢 FASB Rule Implementation: New accounting standards could change how companies report crypto transactions, affecting market transparency and investor decisions. Money Printing: Increased money printing can lead to inflation, which might make capped-supply cryptocurrencies more attractive as a hedge against devaluation. These events could lead to increased activity and price movements within the cryptocurrency market. Investors are advised to stay informed and consider these factors when making investment decisions. $BTC $WIF $BNB #FTXRecovery #BinanceTurns7 #Ethereum_ETFs_Expected_Date #CPI_BTC_Watch #alert
ATTENTION TRADERS !!!!!!!!
🔴CAN YOU IMAGINE WHAT WILL HAPPEN WHEN FTX PAY 🔴
🔵 The fourth quarter of 2024 is expected to be significant for the crypto market due to several factors:
Mt. Gox Repayment: The repayment process from the Mt. Gox incident could introduce volatility in the market, as large amounts of Bitcoin might be released back to the original owners.
🔴 FTX Creditor Payments: FTX’s plan to distribute $16 billion to creditors could have a considerable impact on market liquidity and investor sentiment.
🟢 Interest Rate Cuts: Potential rate cuts could increase market liquidity, possibly leading investors to seek higher returns through cryptocurrencies.
US Election: The presidential election may affect regulatory outlook and market sentiment, influencing the crypto market’s direction.
🟢 FASB Rule Implementation: New accounting standards could change how companies report crypto transactions, affecting market transparency and investor decisions.
Money Printing: Increased money printing can lead to inflation, which might make capped-supply cryptocurrencies more attractive as a hedge against devaluation.
These events could lead to increased activity and price movements within the cryptocurrency market. Investors are advised to stay informed and consider these factors when making investment decisions.
$BTC $WIF $BNB #FTXRecovery #BinanceTurns7 #Ethereum_ETFs_Expected_Date #CPI_BTC_Watch #alert
🚨FTX TO PAY DEBTORS WITH SHARES FROM ROBINHOOD.The #crypto Market is about to be pumped with Liquidity. Bankrupt crypto exchange FTX has filed a motion to pay $14 million to fund Emergent Fidelity Technologies, for its claims of Robinhood shares worth over $600 million.‼️ The $14 million will be used to pay for Emergent’s administrative expenses to avoid the cost and delay of litigation related to the investment firm’s claims in around 55 million seized Robinhood shares and cash worth over $600 million in total. FTX has called the settlement agreement “another valuable piece of the puzzle” in its reorganization plan. #FTX's #FTXRecovery #CryptoMarketTrend

🚨FTX TO PAY DEBTORS WITH SHARES FROM ROBINHOOD.

The #crypto Market is about to be pumped with Liquidity.
Bankrupt crypto exchange FTX has filed a motion to pay $14 million to fund Emergent Fidelity Technologies, for its claims of Robinhood shares worth over $600 million.‼️
The $14 million will be used to pay for Emergent’s administrative expenses to avoid the cost and delay of litigation related to the investment firm’s claims in around 55 million seized Robinhood shares and cash worth over $600 million in total.
FTX has called the settlement agreement “another valuable piece of the puzzle” in its reorganization plan.
#FTX's #FTXRecovery #CryptoMarketTrend
FTX is Making Waves: Debts Being Repaid, Tokens Set to Skyrocket by 50-150x! The buzz around FTX’s progress in repaying its debts to customers is electrifying the crypto world. With significant strides being made, affected tokens are poised for explosive growth. Here are the tokens you need to keep an eye on: 1. $ALEPH (Cross-chain Storage Network): ALEPH, heavily impacted by FTX’s downfall, is on the verge of a comeback. As debt repayment accelerates, ALEPH is set for a promising recovery. 2. $USTC (Terra’s Stablecoin): USTC faced immense challenges during FTX’s collapse, but debt resolution is injecting new hope. A reversal of recent downturns could be on the horizon, bringing fresh optimism to investors. 3. $FIDA (Bonfida): FIDA struggled amidst the chaos, but with the debt resolution in sight, it’s ready to soar. This token is gearing up for a major rally, offering exciting investment opportunities. 4. $FTT (FTX Token): FTT, the heart of FTX, experienced a dramatic plunge. Now, with debt repayments in motion, FTT is set to bounce back, potentially delivering significant gains. 5. $LUNA (Terra): LUNA, integral to the Terra ecosystem, benefits from enhanced liquidity through its FTX listing. Coupled with backing from Alameda Research, LUNA’s recovery prospects are looking brighter than ever. FTX’s restructuring aims to tackle an $11 billion debt, with asset sales potentially hitting $16.3 billion. This could spell massive benefits for affected tokens. Stay tuned—these potential gains could be just the beginning!#FTT🔥🔥 #FTXRecovery #LUNA🔥🔥🔥 #USTC/USDT
FTX is Making Waves: Debts Being Repaid, Tokens Set to Skyrocket by 50-150x!

The buzz around FTX’s progress in repaying its debts to customers is electrifying the crypto world. With significant strides being made, affected tokens are poised for explosive growth. Here are the tokens you need to keep an eye on:

1. $ALEPH (Cross-chain Storage Network): ALEPH, heavily impacted by FTX’s downfall, is on the verge of a comeback. As debt repayment accelerates, ALEPH is set for a promising recovery.
2. $USTC (Terra’s Stablecoin): USTC faced immense challenges during FTX’s collapse, but debt resolution is injecting new hope. A reversal of recent downturns could be on the horizon, bringing fresh optimism to investors.
3. $FIDA (Bonfida): FIDA struggled amidst the chaos, but with the debt resolution in sight, it’s ready to soar. This token is gearing up for a major rally, offering exciting investment opportunities.
4. $FTT (FTX Token): FTT, the heart of FTX, experienced a dramatic plunge. Now, with debt repayments in motion, FTT is set to bounce back, potentially delivering significant gains.
5. $LUNA (Terra): LUNA, integral to the Terra ecosystem, benefits from enhanced liquidity through its FTX listing. Coupled with backing from Alameda Research, LUNA’s recovery prospects are looking brighter than ever.

FTX’s restructuring aims to tackle an $11 billion debt, with asset sales potentially hitting $16.3 billion. This could spell massive benefits for affected tokens. Stay tuned—these potential gains could be just the beginning!#FTT🔥🔥 #FTXRecovery #LUNA🔥🔥🔥 #USTC/USDT
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Bearish
#Write2earn FTX Victims Seek Return of $8 Billion in Assets #FTX #FTXRecovery $FTT Attorneys for FTX bankruptcy victims are pushing for the failed crypto exchange's forfeited assets, worth around $8 billion, to be returned to customers, not absorbed into the bankruptcy estate. This plea was made in a U.S. District Court filing in New York. Reorganization Plan Sparks Outrage FTX's proposed reorganization plan, offering 98% of creditors 118% of their claims in cash within 60 days, has angered customers. They couldn't benefit from rising cryptocurrency prices while their funds were tied up. Unfair Valuation Claims Lawyers argue that valuing customer claims based on depressed prices during the "crypto winter" is unfair. Since then, Solana's price has increased ninefold and Bitcoin's value has quadrupled. Customer Grievances and SBF's Role Lawyers Adam Moskowitz and David Boies say customers feel "aggrieved and robbed," viewing the process as a "second act of theft." Former CEO Sam Bankman-Fried (SBF) was convicted of fraud, sentenced to 25 years, and ordered to forfeit $11 billion. The filing claims SBF's crimes left customers without their crypto investments. Bankruptcy Code and Prioritization The bankruptcy code prioritizes certain creditors, placing FTX’s FTT token holders near the bottom, making compensation unlikely for them. Ongoing Uncertainty Complete accounting hasn't been done yet, but Moskowitz estimates damages over $8 billion. The fluctuating value of cryptocurrencies adds to the uncertainty.
#Write2earn
FTX Victims Seek Return of $8 Billion in Assets
#FTX #FTXRecovery $FTT

Attorneys for FTX bankruptcy victims are pushing for the failed crypto exchange's forfeited assets, worth around $8 billion, to be returned to customers, not absorbed into the bankruptcy estate. This plea was made in a U.S. District Court filing in New York.

Reorganization Plan Sparks Outrage
FTX's proposed reorganization plan, offering 98% of creditors 118% of their claims in cash within 60 days, has angered customers. They couldn't benefit from rising cryptocurrency prices while their funds were tied up.

Unfair Valuation Claims
Lawyers argue that valuing customer claims based on depressed prices during the "crypto winter" is unfair. Since then, Solana's price has increased ninefold and Bitcoin's value has quadrupled.

Customer Grievances and SBF's Role
Lawyers Adam Moskowitz and David Boies say customers feel "aggrieved and robbed," viewing the process as a "second act of theft." Former CEO Sam Bankman-Fried (SBF) was convicted of fraud, sentenced to 25 years, and ordered to forfeit $11 billion. The filing claims SBF's crimes left customers without their crypto investments.

Bankruptcy Code and Prioritization
The bankruptcy code prioritizes certain creditors, placing FTX’s FTT token holders near the bottom, making compensation unlikely for them.

Ongoing Uncertainty
Complete accounting hasn't been done yet, but Moskowitz estimates damages over $8 billion. The fluctuating value of cryptocurrencies adds to the uncertainty.
🚀 Big Moves Alert! 🚀 $NOT {spot}(NOTUSDT) /USDT is heating up with a massive 19.84% surge, now trading at $0.010388 and climbing fast toward its 24-hour high of $0.010570! 🌪️ ⚡ Support is holding strong at $0.008329, setting up a perfect opportunity for those looking to jump in on the dips. 🚀 Keep your eyes on the momentum as volume picks up—it’s a wild ride ahead! 📈 🔥 Ready to ride the wave? Let’s turn the market up with $NOT—next stop, the moon! 🌙 #BinanceSignal #CryptoMomentum #BTCRebound #FTXRecovery #DODO
🚀 Big Moves Alert! 🚀

$NOT
/USDT is heating up with a massive 19.84% surge, now trading at $0.010388 and climbing fast toward its 24-hour high of $0.010570! 🌪️
⚡ Support is holding strong at $0.008329, setting up a perfect opportunity for those looking to jump in on the dips. 🚀 Keep your eyes on the momentum as volume picks up—it’s a wild ride ahead! 📈

🔥 Ready to ride the wave? Let’s turn the market up with $NOT —next stop, the moon! 🌙

#BinanceSignal #CryptoMomentum #BTCRebound #FTXRecovery #DODO
FTX Creditors Approve $6B Payout: Distribution to Begin Soon FTX creditors have overwhelmingly approved a reorganization plan to distribute over $6 billion to those affected by its 2022 collapse. About 94% supported the proposal, with payouts expected to begin in 4-8 weeks. Most creditors will receive at least 118% of their claims, though based on the original value of assets. FTX's leadership faces legal consequences, with former CEO Sam Bankman-Fried serving 25 years in prison, and Caroline Ellison sentenced to two years for their roles in the collapse. #Write2earn #FTX #FTT #FTXRecovery $FTT
FTX Creditors Approve $6B Payout: Distribution to Begin Soon

FTX creditors have overwhelmingly approved a reorganization plan to distribute over $6 billion to those affected by its 2022 collapse. About 94% supported the proposal, with payouts expected to begin in 4-8 weeks. Most creditors will receive at least 118% of their claims, though based on the original value of assets. FTX's leadership faces legal consequences, with former CEO Sam Bankman-Fried serving 25 years in prison, and Caroline Ellison sentenced to two years for their roles in the collapse.

#Write2earn #FTX #FTT #FTXRecovery $FTT
🚨 FTX Bankruptcy Plan Gets Green Light! 🚦 Great news for #FTX customers! The bankruptcy plan has been approved, with a staggering $16B in recovered assets. 🎉 This means full repayment for customers! 😎 The #crypto world is buzzing as this sets a precedent for transparency and recovery in the #blockchain space. 💰💸 $FTT #FTXRecovery
🚨 FTX Bankruptcy Plan Gets Green Light! 🚦

Great news for #FTX customers! The bankruptcy plan has been approved, with a staggering $16B in recovered assets. 🎉 This means full repayment for customers! 😎
The #crypto world is buzzing as this sets a precedent for transparency and recovery in the #blockchain space. 💰💸
$FTT #FTXRecovery
FTX Secures Court Approval for Bankruptcy Plan, Prioritizes Customer RepaymentFTX has gained court approval for its bankruptcy plan, enabling it to repay customers using up to $16.5 billion in recovered assets. During a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge John Dorsey approved the plan, praising it as a model for resolving complex Chapter 11 bankruptcy cases. The approved plan is based on settlements with FTX customers, creditors, U.S. government agencies, and liquidators handling operations outside the U.S. FTX will prioritize customers, aiming to repay 98% of those holding $50,000 or less on the exchange. These repayments are expected to be completed within 60 days after the plan's effective date, which remains pending. The post "FTX Secures Court Approval for Bankruptcy Plan, Prioritizes Customer Repayment" first appeared on 36crypto.com News. #FTXRecovery #moonbix #Ftx❓

FTX Secures Court Approval for Bankruptcy Plan, Prioritizes Customer Repayment

FTX has gained court approval for its bankruptcy plan, enabling it to repay customers using up to $16.5 billion in recovered assets.
During a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge John Dorsey approved the plan, praising it as a model for resolving complex Chapter 11 bankruptcy cases.
The approved plan is based on settlements with FTX customers, creditors, U.S. government agencies, and liquidators handling operations outside the U.S.
FTX will prioritize customers, aiming to repay 98% of those holding $50,000 or less on the exchange. These repayments are expected to be completed within 60 days after the plan's effective date, which remains pending.
The post "FTX Secures Court Approval for Bankruptcy Plan, Prioritizes Customer Repayment" first appeared on 36crypto.com News.
#FTXRecovery #moonbix #Ftx❓
🚨 FTX Bankruptcy Plan Gets the Green Light: $16B in Recovered Assets! 🚨Great news for the crypto world! In a groundbreaking moment for FTX customers, the long-awaited bankruptcy plan has officially been approved—unlocking an incredible $16 billion in recovered assets. 🎉 This isn't just a win for FTX but a huge milestone for the entire cryptocurrency community. What This Means for FTX Customers FTX customers can now breathe a sigh of relief as this plan promises full repayment. After months of uncertainty, the recovery effort has paid off, marking a turning point in the crypto bankruptcy saga. 😎 Setting a New Standard in Crypto Recovery This successful recovery plan is more than just a victory for FTX users; it sets a precedent for transparency and accountability across the blockchain industry. As we all know, the crypto space has been plagued by challenges around trust and asset recovery—but this development is a shining example of how even in the toughest situations, there’s a path forward. 💡 Why Binance Traders Should Pay Attention For traders on Binance and other platforms, this sets the stage for better safeguards and more confidence in the crypto ecosystem. It reinforces the need for robust systems and governance, ensuring that even when things go wrong, there’s a way back up. The $FTT token and #FTXRecovery now serve as strong symbols of resilience. What’s Next for Crypto? With $16B now back in circulation, we could see a ripple effect across the market, potentially driving a renewed sense of optimism in the space. 💰💸 The FTX story is not just about recovery; it's about how the blockchain can offer transparency and security in the face of adversity. Stay tuned—this is just the beginning! 👀 #Binance #FTXRecovery #CryptoNews #BlockchainResilience #FTT

🚨 FTX Bankruptcy Plan Gets the Green Light: $16B in Recovered Assets! 🚨

Great news for the crypto world! In a groundbreaking moment for FTX customers, the long-awaited bankruptcy plan has officially been approved—unlocking an incredible $16 billion in recovered assets. 🎉 This isn't just a win for FTX but a huge milestone for the entire cryptocurrency community.
What This Means for FTX Customers
FTX customers can now breathe a sigh of relief as this plan promises full repayment. After months of uncertainty, the recovery effort has paid off, marking a turning point in the crypto bankruptcy saga. 😎
Setting a New Standard in Crypto Recovery
This successful recovery plan is more than just a victory for FTX users; it sets a precedent for transparency and accountability across the blockchain industry. As we all know, the crypto space has been plagued by challenges around trust and asset recovery—but this development is a shining example of how even in the toughest situations, there’s a path forward. 💡
Why Binance Traders Should Pay Attention
For traders on Binance and other platforms, this sets the stage for better safeguards and more confidence in the crypto ecosystem. It reinforces the need for robust systems and governance, ensuring that even when things go wrong, there’s a way back up. The $FTT token and #FTXRecovery now serve as strong symbols of resilience.
What’s Next for Crypto?
With $16B now back in circulation, we could see a ripple effect across the market, potentially driving a renewed sense of optimism in the space. 💰💸 The FTX story is not just about recovery; it's about how the blockchain can offer transparency and security in the face of adversity.
Stay tuned—this is just the beginning! 👀
#Binance #FTXRecovery #CryptoNews #BlockchainResilience #FTT
Good news for crypto community! Since FTX bankruptcy plan has been approved by the court, the creditors can receive upto 118% of their funds. #FTXRecovery is on the way and the exchange has to pay billions to the creditors.
Good news for crypto community!

Since FTX bankruptcy plan has been approved by the court, the creditors can receive upto 118% of their funds.

#FTXRecovery is on the way and the exchange has to pay billions to the creditors.
FTX Token (FTT) Surges Ahead of Key Bankruptcy Distribution HearingDate: Fri, Oct 04, 2024, 05:21 AM GMT The cryptocurrency market is buzzing today as FTX Token (FTT), the native token of the defunct FTX exchange, experienced a remarkable surge. Over the past 24 hours, $FTT has jumped more than 13%, while its value has soared by over 60% in the last week. Source: Coinmarketcap What's Driving the Rally? The recent spike in FTT’s price is being fueled by growing anticipation around FTX’s ongoing bankruptcy proceedings. Speculation is mounting that the bankruptcy estate could soon begin distributing funds to creditors and customers. This comes after the majority of creditors voted in favor of an updated reorganization plan. The Hearing’s Significance The key date everyone is watching is the upcoming October 7 hearing. This hearing could mark a major turning point, potentially kickstarting the actual repayments to FTX’s creditors. If approved, the plan would allow smaller claimants (those owed less than $50,000) to receive their payments by the end of 2024. Larger creditors, however, may have to wait until 2025 to see their claims settled, as reported by Cointelegraph. Source: X (Twitter) For FTT holders, the hearing’s outcome could make or break the token’s current rally. If the court approves the plan, FTT could see sustained growth, following the patterns of recovery seen in other cryptocurrencies. However, if the plan faces delays or rejections, FTT’s price may tumble just as quickly. Technical Outlook From a technical perspective, analysts like CryptoBull_360 are keeping a close eye on FTT's chart. Currently trading at $2.37, FTT is approaching a crucial resistance level. It is forming a symmetrical triangle, a pattern that often signals a potential breakout. Credits: CryptoBull_360 A confirmed move above $2.44 could trigger further gains, with $3 being the next major resistance level to watch. Conclusion As the October 7 hearing looms, all eyes are on FTT and how the court's decision will impact its price. Whether the token continues its upward momentum or faces a sharp reversal depends heavily on the outcome of the bankruptcy proceedings. Get more updates at: coinsprobe.com Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions. #FTX #FTXRecovery #FTT

FTX Token (FTT) Surges Ahead of Key Bankruptcy Distribution Hearing

Date: Fri, Oct 04, 2024, 05:21 AM GMT
The cryptocurrency market is buzzing today as FTX Token (FTT), the native token of the defunct FTX exchange, experienced a remarkable surge. Over the past 24 hours, $FTT has jumped more than 13%, while its value has soared by over 60% in the last week.

Source: Coinmarketcap
What's Driving the Rally?
The recent spike in FTT’s price is being fueled by growing anticipation around FTX’s ongoing bankruptcy proceedings. Speculation is mounting that the bankruptcy estate could soon begin distributing funds to creditors and customers. This comes after the majority of creditors voted in favor of an updated reorganization plan.
The Hearing’s Significance
The key date everyone is watching is the upcoming October 7 hearing. This hearing could mark a major turning point, potentially kickstarting the actual repayments to FTX’s creditors. If approved, the plan would allow smaller claimants (those owed less than $50,000) to receive their payments by the end of 2024. Larger creditors, however, may have to wait until 2025 to see their claims settled, as reported by Cointelegraph.

Source: X (Twitter)
For FTT holders, the hearing’s outcome could make or break the token’s current rally. If the court approves the plan, FTT could see sustained growth, following the patterns of recovery seen in other cryptocurrencies. However, if the plan faces delays or rejections, FTT’s price may tumble just as quickly.
Technical Outlook
From a technical perspective, analysts like CryptoBull_360 are keeping a close eye on FTT's chart. Currently trading at $2.37, FTT is approaching a crucial resistance level. It is forming a symmetrical triangle, a pattern that often signals a potential breakout.

Credits: CryptoBull_360
A confirmed move above $2.44 could trigger further gains, with $3 being the next major resistance level to watch.
Conclusion
As the October 7 hearing looms, all eyes are on FTT and how the court's decision will impact its price. Whether the token continues its upward momentum or faces a sharp reversal depends heavily on the outcome of the bankruptcy proceedings.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#FTX #FTXRecovery #FTT
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