FTX exchange initiating $16 billion repayment may lead to market upsurge in 2025. Analysts predict positive trend. Creditor representative refutes claims, stating lower cash reserves.
Bankrupt exchange FTX plans to start repaying its debts to creditors from January 3, 2025. As part of Chapter 11 restructuring, the exchange has committed to returning 98% of lost funds to customers via BitGo and Kraken platforms. Analysts predict that injecting this liquidity into the market could be a key driver of an upward trend in 2025. Initially, creditors with claims under $50,000 are prioritized for repayment. However, Sunil Kavuri, a representative of FTX creditors, has refuted these claims, stating that the exchange currently only has $13 billion in cash reserves, set to increase to $14 billion by March.
