Su, one of the founders of Three Arrows Capital, commented on "FTX is expected to distribute $16 billion to creditors in Q4," even if these funds cannot be fully returned to the encryption market, it is still a large amount, or an indication that it will boost the market. BlockBeats previously reported that FTX's return of $110-$16 billion to creditors in the fourth quarter of 2024 could provide significant favorable information for the Crypto Currency market, especially the BTC, SOL, and Solana Crypto Currency networks. Although the exact date is not yet known, FTX has proposed that the distribution will take place within 60 days from the effective restructuring plan. The next hearing on the restructuring plan is scheduled for October 7. If approved, FTX will have 60 days to distribute assets to creditors, meaning that the cash returned will reach previous Crypto Currency buyers around before December 7. Most of this cash is likely to remain in the Crypto Currency ecosystem, with creditors reinvesting the funds.
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Su, one of the founders of Three Arrows Capital, commented on "FTX is expected to distribute $16 billion to creditors in Q4," even if these funds cannot be fully returned to the encryption market, it is still a large amount, or an indication that it will boost the market. BlockBeats previously reported that FTX's return of $110-$16 billion to creditors in the fourth quarter of 2024 could provide significant favorable information for the Crypto Currency market, especially the BTC, SOL, and Solana Crypto Currency networks. Although the exact date is not yet known, FTX has proposed that the distribution will take place within 60 days from the effective restructuring plan. The next hearing on the restructuring plan is scheduled for October 7. If approved, FTX will have 60 days to distribute assets to creditors, meaning that the cash returned will reach previous Crypto Currency buyers around before December 7. Most of this cash is likely to remain in the Crypto Currency ecosystem, with creditors reinvesting the funds.