| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107444.5900000000 |
| ETH | $2436.9300000000 |
| BNB | $648.2996400000 |
| XRP | $2.1826210000 |
| ADA | $0.5667858000 |
| SOL | $150.3802000000 |
| DOGE | $N/A |
| DOT | $3.4107000000 |
| LTC | $86.3661000000 |
| LINK | $13.3862800000 |
Category: CRYPTO NEWS
The post FTX Creditors Urged to Exercise Caution with Returned Assets Amid Ongoing Market Volatility appeared on BitcoinEthereumNews.com. After a lengthy 27-month wait, FTX creditors have begun receiving repayments, igniting a crucial conversation about asset management following financial losses. The first batch of repayments amounts to approximately $1.2 billion, supporting those impacted by FTX’s rapid collapse during the crypto industry’s tumultuous period. “You missed the bull run, but don’t gamble your money away,” warns Sunil Kavuri, emphasizing caution among FTX creditors as they navigate this critical juncture. Repayments to FTX creditors have started, totaling $1.2 billion, but advocate Sunil Kavuri urges caution in managing returned assets to avoid further losses. FTX Creditors Begin Receiving Long-Awaited Repayments In a significant development for those impacted by the collapse of FTX, around $1.2 billion in customer assets have started to flow back to creditors. This marks the first repayment initiative from FTX’s bankruptcy estate, initiated after a prolonged period of uncertainty that has stretched on for 27 months since the exchange’s downfall in November 2022. For many creditors, especially those with claims under $50,000, this signifies a long-overdue relief. Understanding the Implications of Repayment Structures Despite this progress, it’s important to recognize that the repayment structure is complex. Sunil Kavuri, a prominent advocate for FTX creditors, points out that the bankruptcy estate still holds more than $16 billion in assets, which will be allocated to creditors with higher claims in the subsequent phases. Kavuri himself is among those waiting for his turn, having lost a substantial amount during the exchange’s chaotic fall. Advice for Creditors: Managing Returned Assets Wisely With repayments commencing, Kavuri strongly urges creditors to adopt a cautious approach to their returned assets. He expressed concern that many individuals, eager to recoup their losses from the missed bull run, might be tempted to invest recklessly. The landscape has already seen the rise of speculative assets, including meme coins that…
2025-02-19T04:36:13+00:00