when

Coin

<ul class="news-points">
 <li>FTX may start repaying creditors in October. </li>
 <li>Creditors could get between 10% and 25% of their crypto during the FTX repayment. </li>
 <li>FTX transferred 18% of the DOJ forfeiture funds to equity holders. </li>
</ul>
There are unconfirmed reports that FTX, the bankrupt crypto exchange, will start paying its creditors in October. From widespread expectations, the repayment plan could be approved when FTX’s proposed restructuring program gets the nod from the court on October 7.
Some FTX creditors, including an acclaimed activist, Sunil Kavuri, expect the exchange’s customers to get between 10% and 25% of their crypto back. Kavuri noted his expectations after spotting a recent move by FTX, where the defunct crypto exchange<a href="https://x.com/sunil_trades/status/1839962286636601404" target="_blank" rel="noopener noreferrer nofollow"> transferred</a> 18% of the DOJ forfeiture funds, amounting to about %230 million, to equity holders.&nbsp;
Although Kavuri and other creditors are making scientific guesses as to when and how FTX would execute the proposed settlement of customers, none of the creditors are certain about the failed exchange’s programs. Some affected by the issue think the situation will remain unclear until after the court’s decision on October 7.
One such creditor is a cryp…
The post <a href="https://coinedition.com/ftx-payments-to-begin-bullish-signal-for-the-market/" rel="noopener noreferrer nofollow">FTX Payments to Begin: Bullish Signal for the Market?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX Payments to Begin: Bullish Signal for the Market?

Coin Edition

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