2024

Coin

<ul class="news-points">
 <li>FTX creditors expected to receive $14-16 billion in cash payouts this fall.</li>
 <li>Some customers unhappy with the plan, demand greater compensation.</li>
 <li>Recovered assets include misappropriated funds invested across various sectors.</li>
</ul>
The FTX customer repayment saga continues to unfold, with a recent update from crypto influencer MartyParty catching the attention of his 96.9K followers.
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 FTX Creditors will receive $14b-$16b in cash in October through November and will buy back in. Bullish. <a href="https://twitter.com/FTX_Official?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FTX_Official</a> <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FTX</a> <a href="https://t.co/cfBYLjykci" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/cfBYLjykci</a>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1810482334501593255?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
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Earlier today, he revealed that FTX creditors are expected to receive a cash payout of $14 billion to $16 billion in October and November. While the platform plans to buy back the funds, MartyParty sees this as a positive sign for the crypto market, citing it as a “bullish” indicator.
Since FTX’s collapse in 2022, customers have been eagerly awaiting their refunds. In May 2024, the platform filed a <a href="https://coinedition.com/ftx-files-amended-reorganization-plan-assures-full-reimbursement/" rel="noopener noreferrer nofollow">Reorganization Plan</a>, aiming to compensate affected customers with between $14.5 and $16.3 billion.
FTX, working alongside sev…
The post <a href="https://coinedition.com/ftx-creditors-to-receive-billions-in-repayments-yet-controversy-lingers/" rel="noopener noreferrer nofollow">FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers

Coin Edition

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