cryptocurrency The news that investors have been eagerly waiting for has finally arrived. Especially big increases can be seen in altcoins. FTX had a hearing today and the bankruptcy plan would be submitted to the Judge for approval. According to the breaking news, the court has given its approval and the way for extraditions has been cleared.
Cryptocurrencies Last Minute
FTX Just as cryptocurrencies were doomed to massive declines in November 2022, the opposite may happen again in November after 2 years. Billions of dollars in cash will begin to be returned to cryptocurrency investors within weeks. MTGOX and Germany BTC It will be the opposite of what we saw in sales because stablecoins will be returned to customers.
Depending on the appetite of the investors who will receive the refund for cryptocurrencies, this cash can be transferred to altcoins and altcoins. Bitcoin 
$63,272will enter. This news, which means billions of dollars of inflow potential for altcoins making new lows in a shallow liquidity environment, will also be supportive of the expected rise in the last quarter.
This approval, which paves the way for the refund of $6.83 billion, means that 94% of creditors will regain their balances with interest. Although cash refunds cause intense debate, there is nothing that can be done about it since the FTX exchange has already converted cryptocurrencies into cash. Creditors will receive a refund of their assets in their wallets in November 2022, corrupted at the lowest levels. Although this may be advantageous for some altcoins, it is to the detriment of investors in general, as most altcoins have increased by over 50%.
The last detail is for the Judge FTT TokenIt accepts the value of as zero. This asset of the FTX Bankruptcy Committee, which had approximately half a billion dollars worth of FTT Token on paper, was considered null and void because it could not be converted into cash (there is no buyer liquidity). FTT Token has already confirmed its uselessness in the eyes of the court.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
