Close Menu
Cryprovideos
    What's Hot

    EU and US Rush to Finalize Commerce Deal Earlier than Tariff Deadline ‣ BlockNews

    June 27, 2025

    Bhutan’s Bitcoin Reserves Now 40% of Nationwide GDP – Bitbo

    June 27, 2025

    Crypto Theft Surges to $2.1B in 2025: State Actors Lead Historic Wave of Assaults

    June 27, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto influencers spark false hope on FTX payouts, precise plan set for March 2025
    Crypto influencers spark false hope on FTX payouts, precise plan set for March 2025
    Crypto News

    Crypto influencers spark false hope on FTX payouts, precise plan set for March 2025

    By Crypto EditorDecember 30, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Crypto influencers spark false hope on FTX payouts, precise plan set for March 2025Crypto influencers spark false hope on FTX payouts, precise plan set for March 2025

    Over the weekend, a number of crypto influencers—together with in style AI-driven crypto influencer AIXBT—erroneously acknowledged that bankrupt FTX distributions would begin in January.

    These claims fueled pleasure a few attainable market surge 2025, pushed by the rumored $16 billion disbursement.

    Nonetheless, the precise timeline for these funds tells a special story.

    FTX’s official statements say no payouts will happen earlier than March 2025. The agency clarified that its reorganization plan would take impact in January, with the primary funds anticipated 60 days later.

    Sunil Kavuri, an advocate for FTX collectors, additionally dismissed the reimbursement claims. He acknowledged that no payouts would happen in January and {that a} $16 billion disbursement wouldn’t happen.

    Kavuri famous that FTX’s present money reserves are round $13 billion, with projections of $14 billion by March. Further funds from lawsuits and enterprise capital investments might contribute one other $5–7 billion.

    FTX chapter

    FTX has been concerned in a protracted chapter continuing that culminated in approving a $16.5 billion reorganization plan in October to reimburse its impacted customers.

    The agency acknowledged that the preliminary spherical of funds will prioritize collectors with claims beneath $50,000, representing over 90% of all claimants.

    Payouts will replicate the worth of crypto holdings on the time of FTX’s chapter submitting in November 2022. On the time, Bitcoin and Ethereum traded at $20,000 and $1,200, respectively. Since then, costs have surged to round $100,000 for BTC and over $3,000 for ETH, making the reimbursement values comparatively decrease.

    FTX has partnered with BitGo and Kraken to make sure a easy distribution course of. These platforms will handle payouts to particular person and institutional collectors throughout supported areas utilizing stablecoins.

    The change’s collapse in late 2022 despatched shockwaves by means of the crypto trade. Huge buyer withdrawals triggered a liquidity crunch that uncovered former CEO Sam Bankman-Fried‘s extreme mismanagement of customers’ funds.

    US prosecutors revealed that Bankman-Fried misappropriated buyer funds to offset losses at Alameda Analysis and made in depth political donations. This led to prison convictions for Bankman-Fried and a number of other associates, together with Ryan Salame and Caroline Ellison, marking one of many darkest chapters in crypto historical past.

    Talked about on this article
    Posted In: FTX, US, Chapter



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Theft Surges to $2.1B in 2025: State Actors Lead Historic Wave of Assaults

    June 27, 2025

    Finest Crypto ICOs for 2025 – Trending Altcoin Presales with 100x Potential

    June 27, 2025

    Large Blow to Ripple as Choose Denies Key Movement, Metaplanet's Holdings Prime 12,000 BTC, Shiba Inu Value Simply Received 66.3 Trillion Causes to Not Add Zero: Crypto Information Digest by U.At present

    June 27, 2025

    Crypto Fueling Weapons Applications for Sanctioned States: FATF – Decrypt

    June 27, 2025
    Latest Posts

    Bhutan’s Bitcoin Reserves Now 40% of Nationwide GDP – Bitbo

    June 27, 2025

    Bitcoin Dominance Holds Altcoin Season At Bay, Analyst Says No Upside Till This Occurs

    June 27, 2025

    Large Blow to Ripple as Choose Denies Key Movement, Metaplanet's Holdings Prime 12,000 BTC, Shiba Inu Value Simply Received 66.3 Trillion Causes to Not Add Zero: Crypto Information Digest by U.At present

    June 27, 2025

    Bitcoin house owners emerge as pivotal voting bloc forward of 2026 midterms, ballot exhibits

    June 27, 2025

    Bitcoin FOMO: Billionaire Admits Mistake For ‘Not Being Concerned’

    June 27, 2025

    Coinbase (COIN) Information: Launch U.S. Perp-Type Futures, Buys Bitcoin (BTC) Weekly, CEO Says

    June 27, 2025

    Consultants Debate Why Bitcoin Hashrate Plummeted in June

    June 27, 2025

    Bitcoin ETFs Document 13-Day Influx Streak Amid Institutional Demand – Bitbo

    June 27, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Finest Crypto Cash To Purchase Now for Lengthy-Time period: Keep Invested in These 5 Cryptos for 1 12 months & Get 1000x Returns

    November 29, 2024

    Binance Pronounces New Listings for Solana and Ethereum Tokens

    December 8, 2024

    NFT Gross sales Hit $8.8B In 2024 – Right here’s 2025 NFT Market Prediction

    January 2, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.