Zhu Su: FTX creditors will receive US$16 billion in funds, and the market will usher in a wave of incremental funds

Zhu Su, co-founder of Three Arrows Capital, recently expressed his views on the US$16 billion in funds that FTX will distribute to creditors in the fourth quarter of 2024, pointing out that even if these funds cannot completely flow back to the encryption market, they will still have an important impact on the market.

According to BlockBeats reports, FTX plans to return US$11 billion to US$16 billion in funds within 60 days after the restructuring plan takes effect. This move may bring significant benefits to Bitcoin, SOL and Solana network-related assets. The next hearing on the restructuring plan is expected to be held on October 7, and once approved, funds will flow to creditors by December 7. A significant portion of this capital is expected to be reinvested in crypto assets, further driving market sentiment.

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