--- title: "Major event in the cryptocurrency circle! FTX bankruptcy restructuring approved, a wave of liquidity is on the way?" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/216326393.md" description: "FTX's bankruptcy reorganization plan has been approved by the court, and creditors will receive over $12 billion in the coming months, potentially reinvesting in digital assets. FTX has recovered $14.7 billion to $16.5 billion, with 98% of creditors expected to receive 119% repayment. Despite October typically being a strong period for digital assets, the top 100 tokens have dropped by 3% this month. Analysts expect FTX's payout to provide liquidity to the crypto market, but fund distribution will take time, with transfers for smaller creditors starting as early as December" datetime: "2024-10-09T08:12:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/216326393.md) - [en](https://longbridge.com/en/news/216326393.md) - [zh-HK](https://longbridge.com/zh-HK/news/216326393.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/216326393.md) | [English](https://longbridge.com/en/news/216326393.md) # Major event in the cryptocurrency circle! FTX bankruptcy restructuring approved, a wave of liquidity is on the way? **Creditors of the bankrupt cryptocurrency exchange FTX are set to receive over $12 billion in the coming months under a court-approved payment plan, increasing the possibility that some of the cash may be reinvested in digital assets.** Earlier, a U.S. court judge approved FTX's restructuring plan, allowing it to repay creditors for the first time, involving an amount exceeding $14 billion. In June this year, the bankrupt exchange had $12.6 billion to return to customers, which could reach $16.5 billion after discovering and selling all its assets, **as the price of Bitcoin has more than doubled since FTX's collapse, resulting in higher proceeds from asset sales than estimated.** According to information released by FTX, **the group has recovered between $14.7 billion and $16.5 billion**, while creditors have claimed $11.2 billion. Therefore, under the restructuring plan approved by Judge John Dorsey, **98% of creditors can receive 119% of the reported amount by November 2022**. FTX CEO John Ray III stated that the group's goal is to repay all debts and interest to all non-government creditors. Cryptocurrency traders are now seeking sources of volatility to break Bitcoin and other tokens out of their long-term slump. Despite October typically being a strong period for digital assets, the index measuring the top 100 tokens has fallen by 3% this month, increasing the possibility that the rebound in the crypto market that has been ongoing for a year is losing momentum. Benjamin Celermajer, Co-Chief Investment Officer at Magnet Capital, stated that **the expected FTX payments "are effectively providing liquidity to known cryptocurrency traders. We are likely to see some funds flowing back into the crypto market, potentially providing a price catalyst for markets suffering from a lack of liquidity."** It is worth noting that repayments will not happen immediately; FTX must first establish a trust and hire a company to oversee the fund allocation process. Galaxy stated that **transfers to smaller creditors could start as early as December**, **while transfers to larger creditors will be completed in the first half of next year**. The company mentioned that the remaining claims may take up to three years to resolve. Research firm K33 estimated in a report that the **"potential demand for FTX redistributors" is $2.4 billion**, but cautioned that **the current impact on the cryptocurrency market may be "moderate"** as payments will be phased next year ### 相關股票 - [VICTORY SEC (08540.HK)](https://longbridge.com/zh-HK/quote/08540.HK.md) - [OKG TECH (01499.HK)](https://longbridge.com/zh-HK/quote/01499.HK.md) ## 相關資訊與研究 - [From Fragmentation to Scale: Extreme Vision Bridges the B2B AI Chasm with Platform + Ecosystem](https://longbridge.com/zh-HK/news/281124090.md) - [Ex-OpenAI's Kass: AI Is Going to Make a Lot of Winners](https://longbridge.com/zh-HK/news/281017504.md) - [Yunkang Group to Overhaul Constitution to Meet Updated Hong Kong Listing Rules](https://longbridge.com/zh-HK/news/281242969.md) - [Shin Hwa World logs FY revenue HK$966.9 mln](https://longbridge.com/zh-HK/news/281055310.md) - [War is causing global, yet asymmetric shock; pushing up food and fertilizer prices, and tightening financial conditions](https://longbridge.com/zh-HK/news/281046727.md)