WallitIQ (WLTQ): The Altcoin To Ride The Wave Of FTX Payout
The $14 billion payout is a significant event in the crypto world. This financial influx is expected to fuel excitement across the crypto markets, leading to heightened interest in altcoins. WallitIQ’s (WLTQ) AI-powered token is emerging as a major contender for growth, with a 6,500% rally predicted to happen in a week.
FTX Investors To Receive Interest Payments In Landmark Bankruptcy Case
Nearly two years after the crypto exchange collapsed due to a massive fraud scheme orchestrated by its founder, Sam Bankman-Fried, a judge has approved a staggering payout of over $14 billion to crypto investors and creditors.
This unexpected financial relief comes after John Ray, the court-appointed overseer of FTX’s bankruptcy proceedings, revealed that 98% of FTX’s crypto investors would receive not only their original claims but also interest on those claims.
One major factor contributing to this favorable outcome for the crypto investors is FTX’s substantial asset portfolio, which includes between $14.7 billion and $16.5 billion worth of assets. The significant appreciation of Bitcoin—up 260% since the scandal broke, allowed the company to sell at a profit, further boosting recovery efforts. Additionally, FTX’s investment in the AI start-up Anthropic, sold for nearly $900 million, provided another financial cushion for the beleaguered exchange.
Conclusion
While the FTX payout to crypto investors is grabbing headlines, the real opportunity lies in WallitIQ’s (WLTQ) potential for explosive growth in the coming days.
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