DeFi

Hanzo

<ul class="news-points">
 <li>FTX plans to resume operations, potentially erasing $11 billion debt</li>
 <li>Repayment could lead to significant value surge for FTT, USTC, LUNA</li>
 <li>Investor optimism grows as FTX customers likely to recover losses</li>
</ul>
The crypto community is closely following the latest developments at FTX, the cryptocurrency exchange preparing to relaunch after its dramatic collapse.
A recent X post by DeFi analyst Hanzo suggests FTX’s debt repayment efforts could ignite a resurgence in the value of certain cryptocurrencies, including its own native token, FTT.
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 3 | <a href="https://twitter.com/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LUNA</a> LUNA is crucial to Terra's ecosystem and is affected by FTX. FTX listed LUNA, boosting liquidity and market access for Terra. Additionally, Alameda Research, linked to FTX, invested in Terraform Labs! <a href="https://t.co/c8AHxERzkO" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/c8AHxERzkO</a>— Hanzo <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/3297.png" alt="㊗" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DeFi_Hanzo) <a href="https://twitter.com/DeFi_Hanzo/status/1802033858289996174?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 15, 2024</a>
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Since its November 2022 collapse, which wiped out billions in user funds and sent shockwaves through the crypto markets, FTX has been working on a robust reorganization plan. The company claims it can erase its $11 billion debt, thanks to asset sales potentially reaching $16.3 billion. This plan promises nearly all affected customers will recover their losse…
The post <a href="https://coinedition.com/ftxs-revival-could-spark-resurgence-in-ftt-ustc-and-luna/" rel="noopener noreferrer nofollow">FTX’s Revival Could Spark Resurgence in FTT, USTC, and LUNA</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX’s Revival Could Spark Resurgence in FTT, USTC, and LUNA

Coin Edition

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