FTX Repays $16B, Boosts Crypto Market
This is a news story, published by CoinGape, that relates primarily to FTX news.
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FTX bankruptcy claims processCoinGape
•FTX will repay $16B to 98% of its affected customers and creditors starting January 3, 2025
61% Informative
FTX will repay $ 16B to 98% of its affected customers and creditors starting January 3, 2025 .
Eligible claimants will receive around 118% of their funds through BitGo and Kraken .
FTX collapse created a never-forgotten experience for the crypto industry.
This distribution could inject money into the crypto market, boosting top assets like Bitcoin and ETH .
The FTC claims payout is finally confirmed for January 3, 2025 , distributing $ 16B worth of funds among customers and creditors.
With this, the FTX exchange plans to compensate 98% of the affected people.
More importantly, they will receive 118% of their funds, which were present in their account on November 11, 2022 .
The FTX collapse victims could finally rest from their concerns and maybe reinvest in the crypto market.
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