cryptocurrency The new wave of rise in the markets will begin with FTX refunds. Moreover, if it is the same date, there is a lot of bullish news. The latest news will make investors excitedly waiting to get their balances happy. FTX When will refunds be made? What awaits investors?
FTX Refund Date
At the time of writing BTC price It is above $107 thousand and the search for a new ATH continues. There may be a new movement towards 110 thousand dollars in the coming hours. Fortunately, the markets are now moving away from the possibility of a drop to the $90,500 support level, and this will probably make altcoin investors happy in the coming days.
FTX The news on the front is good. It has just been revealed that BitGo and Kraken exchange are among the platforms chosen for refunds in stablecoin and fiat currency. According to Bloomberg, the FTX Bankruptcy committee chose January 3 as the date for the reorganization plan. Creditors will be able to collect their receivables from January 3 until March 3.
Most refunds will be made in cash because client assets were converted into cash at lower prices in 2022-2023. Although this situation annoys investors, it can be said to be the best of the worst, as more than $6 billion in cash balance will reach creditors. For the market in general, this news is very good. Even if 10% of the investors who lost their altcoins decide to buy altcoins with their returned balance, this means that at least 600 million dollars of balance will enter altcoins, which will lead to huge profits. As you can see above, the token of the bankrupt exchange that was deemed worthless by the court. FTT It increased speculatively by 30 percent. Even though the possibility of a revival with such news is very slim, we have gotten used to FTT rises.
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.
