FTX to begin $16 billion in creditor payments on February 18. The first round will distribute $7 billion. Payments are based on November 2022 prices.

#ftx #dyor #crypto

💱 FTX will start paying back $16 billion on February 18, 2025
🟢 With $6.5 - $7 billion in the first phase will be repaid
🟢 But the payment will be based on the price of November 2022
🟢 To put it bluntly, if anyone has $10K in FTX assets in 2022, they will receive $10K back in 2024 if inflation is included, investors will only have a sorry profit, the rest is a total loss 😁

#FTX

📆 Exactly one week from now (February 18), the payout process for #FTX clients and creditors will begin, with a total distribution of $16 billion.

The first batch will amount to $6.5–7 billion. 💵

Payouts will be based on November 2022 prices.

#ftxpayout $FTT

FTX on the Move Again! Another $36M in SOL Unstaked & Ready to Hit the Market? 🤔
#FTX unstaked and sent 184,162 $SOL ($36.17M) to 23 wallet addresses, likely gearing up for deposits to Coinbase and Binance.
📍 FTX's SOL staking wallet: H4yiPhdSsmSMJTznXzmZvdqWuhxDRzzkoQMEWXZ6agFZ
Since Nov 2023, FTX has been slowly offloading #SOL , dumping 4.629M SOL ($554.6M) at an average price of $120 using this method.
But here’s the kicker—FTX still has 6.338M SOL ($1.25B) staked. At their current pace of 170K SOL per month, it would take around 3 years to fully liquidate their remaining stash.
Are we looking at a long-term SOL sell-off pressure, or will the market absorb it? 🤔

🔥🚨𝐅𝐓𝐗 𝐔𝐬𝐞𝐫 𝐅𝐚𝐜𝐞𝐬 𝐋𝐞𝐠𝐚𝐥 𝐇𝐮𝐫𝐝𝐥𝐞 𝐭𝐨 𝐑𝐞𝐭𝐫𝐢𝐞𝐯𝐞 𝟐,𝟎𝟎𝟎 𝐒𝐎𝐋 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐧𝐥𝐲 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐞𝐝 𝐏𝐨𝐬𝐭-𝐂𝐨𝐥𝐥𝐚𝐩𝐬𝐞🎉

A former #FTX user, Lukas Bartusek from Prague, is fighting to reclaim nearly $400,000 after mistakenly transferring 2,000 Solana (SOL) tokens into his defunct FTX account—more than a year after the exchange collapsed. According to a recent filing in Delaware’s bankruptcy court, Bartusek now requires a judge’s order to access his funds, as FTX refuses to process the withdrawal without legal authorization.

At the time of the accidental deposit, SOL was trading at around $31, making his transfer worth approximately $63,700. However, due to Solana’s meteoric rise to $198, the locked funds have surged in value to $396,000. The court documents reveal that FTX knowingly accepted the deposit despite being deep in bankruptcy proceedings. When Bartusek attempted to withdraw the funds on October 22, 2023, he discovered that they were inaccessible. FTX’s legal team informed him that bankruptcy laws prohibit the release of assets outside of an approved court process, even in cases of accidental deposits.

Bartusek’s situation is not unique. His attorney, Jack Shrum, highlighted that crypto traders often manage multiple wallets, making such mistakes more common than one might expect. Since FTX’s collapse in November 2022, thousands of users have been unable to access their funds, waiting for potential reimbursements. Fortunately, there is some progress—FTX’s bankruptcy team began processing repayments on February 8 under the Chapter 11 Reorganization Plan. Eligible creditors in approved Convenience Classes can expect initial distributions starting February 18, facilitated through BitGo and Kraken. While this offers hope to some, users like Bartusek remain entangled in legal complexities as they attempt to recover their lost assets.

#FTXAuction

Good Morning
Stay Safe with Patience Low Leverage Stoploss and No Greed
Today We Have #CPIdata Report so Market will be volatile
Before #CPI数据 We will See Pump then A Dump
The 95K Level for Bitcoin is Important Support
and Resistance is 102500
18FEB #FTX will Start Distribution of Funds that will come Into Market can Give a PUMP
#LAYEROnBinance

🚨 BREAKING: #FTX to Initiate $16 Billion Creditor Payouts Starting February 18, 2025! 🚨

FTX is set to kick off its long-awaited $16 billion repayment process for creditors, beginning on February 18, 2025. The initial phase will see a massive $6.5–$7 billion distributed, offering partial relief to those impacted by the exchange’s collapse. However, all payouts will be calculated based on November 2022 prices, which could significantly affect final compensation values.

While this marks a crucial step in FTX’s restructuring efforts, many creditors may still face substantial financial discrepancies due to market fluctuations since 2022. As the crypto community watches closely, traders should brace for potential market movements influenced by these repayments. Could this influx of capital spark renewed investment activity, or will it lead to sell-offs? Stay prepared for volatility ahead! 📉📈

#FTXRepayments #CryptoNews #FTXUpdate #MarketWatch #Write2Earn #CryptoRecovery

Reminder: #FTX will begin paying creditors $16 billion on February 18, 2025 (in one week), with $6.5 - $7 billion in the first phase. Payments are based on November 2022 prices.

Seeing people claim that $10B+ in #FTX claims are about to hit the market and pump alts.

Highly unlikely.

Would be surprised if even $2B - $3B gets reinvested.

Be careful who you listen to.

Stay SAFU!

#BTCNextATH?

#FTX is going to start $16B creditor repayments on 18-02-2025, with $6.5-$7B in the first phase. Payouts based on Nov 2022 prices.

✴️#FTT #crypto #BTC

#FTX will start paying out $16 billion to creditors on February 18. The first phase will distribute $7 billion. The payments are based on November 2022 prices.
——————
Some experts believe that victims who receive payments will immediately rush to buy crypto. We are talking about billions of $$$.
$BTC $ETH $XRP

#AITokensBounce
#FTX BULLISH February
JUST IN: FTX to start $16B creditor repayments on Feb. 18, 2025, with $6.5-$7B in the first phase. Payouts based on Nov 2022 prices.

On the 18th, there will be another wave. The compensation amount #ftx will start to return to the market. It's not a currency, so there's no need to worry about selling pressure. The compensation will be in U at these prices. Looking on the bright side, funds are entering the market again. The psychological balance was restored when Ethereum was placed on FTX. Bitcoin will be compensated at a price of 20,000 USD, and Ethereum at the original price 😂 #ETH

FTX/Alameda Makes Significant Moves #FTX

• 6 hours ago, conducted the monthly SOL redemption transfer, redeeming 184,162 SOL ($37.73M) from staking, distributed to 23 addresses.

• Since November 2023, a total of 4.629 million SOL ($554.61M) has been redeemed, with an average price of $116.2, most of which has flowed into Coinbase or Binance.

• Currently, there are still 6.338 million SOL ($1.25B) staked in their staking address.

#BNBChainMeme Bitcoin's current market pattern resembles 2015-2018, though we won't likely see the same 100x growth since we're starting from a higher price of $15.6k. What's notable is that since the #FTX crash, price drops have stayed small (under 25%) despite Bitcoin$BTC
's much larger market size. This stability comes from Wall Street's growing acceptance and new spot #ETFs bringing in fresh buyers, showing how Bitcoin has matured as an investment.

On February 18, FTX will begin payments to creditors totaling $16 billion.
$1000CHEEMS $FTT $QTUM
According to official documents circulating on platform X (formerly Twitter), creditors will receive a substantial amount of $16 billion.

However, in the first phase, only about $6.5–$7 billion will be paid out, with the remainder to follow later. It is important to note that the payments will be based on the prices of digital assets in November 2022.

Market observers have expressed strong dissatisfaction with FTX's payment plans, as at the time FTX went bankrupt, Bitcoin was trading between $16,000 and $21,000. Right now, the leading digital currency is trading at $97,000, and an all-time high of $109,000 was recorded about 22 days ago, according to CoinMarketCap#FTT.智能策略库🥇🥇 #FTT赔款 #FTX