Analysts believe repayments could balance market dynamics, leading to a bullish 2nd half in 2024a significant plan to repay its creditors, potentially injecting new momentum into the crypto-market. On 8 May, it was disclosed that the exchange could repay approximately 98% of its creditors, which could amount to as much as $16.3 billion.
“We are pleased to be in a position to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors.” They argue that the buying pressure from cash recipients of FTX could neutralize the selling pressure from those receiving crypto payouts. “Not all creditor repayments are bearish,” they emphasized, suggesting that the overall effect could be more balanced than initially anticipated.
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