Korean Investors View FTX Payouts As Bearish: New Survey
The post Korean Investors View FTX Payouts As Bearish: New Survey appeared on BitcoinEthereumNews.com.
41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned Nearly 80% of FTX creditors plan to reinvest their repayments into cryptocurrencies A survey by CoinNess and Cratos shows that 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial catalyst. Almost 27% of participants have the opposite view, predicting a bullish effect due to the boost in liquidity. The second round of repayments to FTX creditors is planned for May 30, with over $5 billion expected to be returned. Korean Investor Sentiment: Mixed on Bitcoin, More Stable Market Hopes The survey revealed some other interesting details as well, mainly that 37.6% of respondents think Bitcoin’s value will increase by a solid margin this week. Although, this is a decrease considering that last time, 49.4% of people had similar thoughts about Bitcoin’s growth. On the other hand, more Korean users think positively about market stability. More than a third (36%) shares the sentiment, compared to the last survey when it was 27.3%. When it comes to overall market sentiment, 43.2% are neutral, and 29.3% are fearful that it will be negative. FTX’s Collapse and the Contentious Repayment Process Once a leading cryptocurrency exchange, FTX filed for bankruptcy in November 2022, following revelations of huge financial mismanagement. The collapse had a widespread impact, especially in South Korea, which accounted for approximately 6% of FTX’s global user base. Earlier this year, FTX initiated repayments to creditors with claims under $50,000, distributing around $1.2 billion through platforms like Kraken and BitGo. These compensations were calculated based on…
Filed under: News - @ May 26, 2025 11:25 pm