FTX to Start $18 Billion Repayment Process Tomorrow 18th February

[bitmover]

FTX to Start $18 Billion Repayment Process on February 18, 2025
FTX will begin repaying creditors on February 18, 2025, following its collapse in 2022. Key details include:

Payments for claims under $50,000 expected within three business days.
Total repayment package amounts to $18 billion, with legal issues causing delays.
A 9% post-petition interest has been added to creditor claims to address financial discrepancies.

https://holder.io/news/ftx-18b-repayment-feb2025/

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

What are your expectations?

[bayu7adi]

Definitely, maybe 20% inflow into the cryptocurrency space... what's likely happening is that there's a bit of a bullishness that's going to happen ...

And there's also likely to be some waiting for a dip in SOLANA, considering that this FTX payment will also be followed by a scheduled SOLANA token unlock of over 15 million SOL in February, March and April... that's equivalent to 7 billion USD and it's definitely going to be inflationary... the price of SOL will drop in the next few weeks and this is also an entry opportunity for FTX payees...



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[ZAINmalik75]

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

What are your expectations?

I am also bullish with this news 18 billion is a big amount and if they will repay some percentage of it the amount would be enough even if 10 billion of this whole repayment would go back into crypto it would be enough. The cheaper coins right now are alts even the ETH is very cheap.

Defi is under pressure right now but all of the Americans even the America's president is bullish on Defi therefore a boom might be coming into alts and in defi narrative. I hope they pay the victims in full.

[Gurujebs]

Definitely, maybe 20% inflow into the cryptocurrency space... what's likely happening is that there's a bit of a bullishness that's going to happen ...

And there's also likely to be some waiting for a dip in SOLANA, considering that this FTX payment will also be followed by a scheduled SOLANA token unlock of over 15 million SOL in February, March and April... that's equivalent to 7 billion USD and it's definitely going to be inflationary... the price of SOL will drop in the next few weeks and this is also an entry opportunity for FTX payees...

I was looking at Solana price today and I was like what happened to Solana, is there something happening that I have missed about the market until I saw this thread. I thought market makers says they are bullish on solana and they see it flipping ethereum and bnb soon buy FTX distribution is making them to panic sell like it Bitcoin is dumping but it's not, just FUD.

I am not sure what the sentiment of the market is next but I personally don't think this is the best for the crypto market, distribution can come some other time and not now the market is not certain, if they have done it during Trump fomo, it would have been perfect time for sol distribution.

[Wiwo]

FTX to Start $18 Billion Repayment Process on February 18, 2025
FTX will begin repaying creditors on February 18, 2025, following its collapse in 2022. Key details include:

Payments for claims under $50,000 expected within three business days.
Total repayment package amounts to $18 billion, with legal issues causing delays.
A 9% post-petition interest has been added to creditor claims to address financial discrepancies.

https://holder.io/news/ftx-18b-repayment-feb2025/

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

What are your expectations?

I expected the market to start picking naturally from today till the weekend, so for sure if there is going to be repayment from FTX to its customers, that will indeed contribute to the positive market volatility expected within this period.

Most FTX victims missed the last bitcoin bull rally due to the funds being tied down in the FTX bankruptcy saga, so being repaid at this time is a good opportunity for them to buy back the previous assets that were swallowed up in the bankruptcy scam by FTX.

[bitterguy28]

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

it could but i am thinking that maybe there would be some people too that are now hesitant to get back to the crypto world again especially after they have lost such huge amounts of money

What are your expectations?

i will not be compensated as i am not one of the victims so i really have no expectations i do not know if this will have any effect on the market so i am not planning on making something out of it

i just hope the victims get now some rest and peace of mind they were craving ever since

[bitmover]

Most FTX victims missed the last bitcoin bull rally due to the funds being tied down in the FTX bankruptcy saga, so being repaid at this time is a good opportunity for them to buy back the previous assets that were swallowed up in the bankruptcy scam by FTX.

Unfortunately, for them, bitcoin price is close to all time high now, about 50-100% higher than the price it was when they were scammed.

Anyway, I hope they they can invest now in crypto and make money (with us  )

[bettercrypto]

FTX to Start $18 Billion Repayment Process on February 18, 2025
FTX will begin repaying creditors on February 18, 2025, following its collapse in 2022. Key details include:

Payments for claims under $50,000 expected within three business days.
Total repayment package amounts to $18 billion, with legal issues causing delays.
A 9% post-petition interest has been added to creditor claims to address financial discrepancies.

https://holder.io/news/ftx-18b-repayment-feb2025/

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

What are your expectations?

That's good news if they can actually fulfill that honestly speaking and the investors who have their funds stuck in Ftx will be happy. If that really is fulfilled,
I'm not sure but the price value in the Lunc market could increase, wasn't it the former Luna of Ftx? right?

I hope they can fulfill that, because many people may have felt hopeless there and now they have been revived, probably for sure,
at least their wait wasn't in vain.

[Findingnemo]

Most FTX victims missed the last bitcoin bull rally due to the funds being tied down in the FTX bankruptcy saga, so being repaid at this time is a good opportunity for them to buy back the previous assets that were swallowed up in the bankruptcy scam by FTX.

Unfortunately, for them, bitcoin price is close to all time high now, about 50-100% higher than the price it was when they were scammed.

Anyway, I hope they they can invest now in crypto and make money (with us  )

Better late than never so yeah they lost the potential profits but atleast they can start now at something.

Hope they learned their lessons from this but still many people doesn't seem to care about the custody of their crypto assets which is why they are using Binance and coinbase as their primary wallet for crypto assets.

[joniboini]

Hope they learned their lessons from this but still many people doesn't seem to care about the custody of their crypto assets which is why they are using Binance and coinbase as their primary wallet for crypto assets.

That's just how it is. Until the worst thing happens to them, people rarely change. It doesn't mean we should stop telling them the risk though, since I believe some people do take our suggestions seriously.

Regarding the repayment process, I don't have any expectations. If people got their money back on time that's good. I'm worried that they will pull some moves and pause the process so hopefully that doesn't happen.

[armanda90]

I don't know about  FTX refund is right or rumor only, but the impact of this news bring bad side for Solana coins huge significant down since raise up above $250 and right now drop under $170.
Due FTX assets holding its Solana only, bring bad news for Solana drastically dump indeed the refund have been sent or not because my friend who have much assets holding at FTX exchange not get refund yet.

Any one know how the procedure refund of FTX? need to fill form or the refund automatically detected with how much our FTX assets before that exchange collapse?

[bayu7adi]

Another scenario is, the creditors who have claimed losses below $50k, they seem more inclined to recover their financial condition, rather than reinvesting in crypto... while we don't know the demographics of the FTX users who have made these claims, the amount of money coming into the crypto space, doesn't seem as big as we think... maybe we could see a big inflow when the creditors with big money get paid... although until now there is no certainty, but I believe, creditors with big claims can make the crypto market go up a bit... because they have more money than others, hopefully their lost money can be paid as soon as possible.

Monitoring this stage, it seems to really affect the cryptocurrency market cap... it looks like it has increased by 2.2% for the crypto market cap since February 18, 2025.. is this a good signal?

[Wiwo]

Most FTX victims missed the last bitcoin bull rally due to the funds being tied down in the FTX bankruptcy saga, so being repaid at this time is a good opportunity for them to buy back the previous assets that were swallowed up in the bankruptcy scam by FTX.

Unfortunately, for them, bitcoin price is close to all time high now, about 50-100% higher than the price it was when they were scammed.

Anyway, I hope they they can invest now in crypto and make money (with us  )

Better late than never so yeah they lost the potential profits but atleast they can start now at something.

Hope they learned their lessons from this but still many people doesn't seem to care about the custody of their crypto assets which is why they are using Binance and coinbase as their primary wallet for crypto assets.

+1 to both of you, as Findingnemo mentioned in the last comment, it is better late than never, I know many of the investors will not believe the refund gesture towards them until they receive their funds in their wallet and year I am sure that since FTX did not mentioned that they will use the price of assets at the time of the incidents to calibrate the payback amount, who knows if those that have Bitcoin in the FTX wallet get paid back in Bitcoin instead USDT this way there will be no lose.

FTX will not do that, because the amount in payback will be high for them so the interest will be written off, just want to know if there are any new developments as regards this refund.

[JoyMarsha]

FTX to Start $18 Billion Repayment Process on February 18, 2025
FTX will begin repaying creditors on February 18, 2025, following its collapse in 2022. Key details include:

Payments for claims under $50,000 expected within three business days.
Total repayment package amounts to $18 billion, with legal issues causing delays.
A 9% post-petition interest has been added to creditor claims to address financial discrepancies.

https://holder.io/news/ftx-18b-repayment-feb2025/

FTX will be repaying a lot of users tomorrow an in the next days. This can be bullish to the market, as they are all crypto investors which will receive USD . Some of that money will probably flow back to the market, so we will see some volatility tomorrow and in the next days (at least I hope so)

What are your expectations?

This is good news and a sound of big relief for those who have anticipated this to happen, to claim their money back after up to 3 years of not being able to access their crypto assets.

Some investors would be judgemental about the line of action to take after they get their crypto assets paid in USD. Some would like to try again in crypto investment but not to leave their crypto coin on exchange.

I anticipate seeing a boost in the market as the market still seems like a good buying opportunity for those who don't want to miss the bull run

[sampoerna]

And finally, this process has started to take place, gradually. Through Kraken, the exchange appointed to do it. Yes, this process must have an impact on the crypto market and also good news about the bad news that happened to FTX in the past. Although indeed, many investors are burdened with disappointment because of the decision regarding the returned assets, but, on the other hand, they are quite grateful that they can get their assets back, at least in several stages. In the past, it was a time of despair, and now, hope is starting to open up. although not according to the highest expectations. Well, hopefully the system and stages run smoothly, so that all user money can be returned soon.

https://www.cointribune.com/en/the-defunct-exchange-ftx-starts-repaying-its-victims/