The long-awaited FTX creditor payouts are set to begin today, February 18 after over two years of bankruptcy. This payment, which is the first batch, is targeted towards targeting smaller creditors. Nonetheless, the payout could have a few effects on the crypto industry, especially if creditors receive payouts in crypto. A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins. FTX Payouts Kick-Off: How Does This Affect The Crypto Market? FTX has confirmed that creditor repayments will commence on February 18, starting with those in the convenience class category of creditors with claims of $50,000 or less. These creditors will receive full repayment plus an additional 9% annual interest accrued since November 2022, totaling approximately $1.2 billion in payouts. Related Reading: FTX Investors Blindsided By Distribution Rumors, When Is The $16 Billion Coming? For creditors with larger claims exceeding $50,000, distributions will begin in Q2 2025, with FTX planning to disburse $7 billion as part of a larger $16 billion payout in total. As noted by Exc ..
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