The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three business days via BitGo and Kraken.
And there’s a chance this wave of repayments will help lift the crypto market, analysts at Coinbase wrote in a report on Friday.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: BOMBSHELL — President Trump Confirms: Joe Biden Dead Since 2020!
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
It’s the second major round of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!