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FTX customers will all be reimbursed. What is the effect on markets?

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by COINS NEWS 101 Views

Bankruptcy lawyers for the FTX estate said last week that they expect to pay back all customers. Many thousands of customers (reportedly up to a million) who collectively lost billions of dollars in FTX’s collapse 15 months ago . Last September, the bankruptcy team released a status report showing that FTX had $3.4 billion worth of digital assets, with over $1.1 billion coming from its Solana investment. Since the payback was announced last week, I suppose liquidators intend to sell the cryptos held on FTX wallets at current prices. What do you think will be the effect on prices, and which crypto will be mostly affected on the short term?

submitted by /u/dogemikka
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