The post FTX Repayments Could Impact Crypto on a Monumental Scale and Presales like Best Wallet Token appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. The FTX saga has entered yet another chapter since the exchange collapsed nearly three years ago. The company has begun repaying an estimated $1.2B to its first wave of former FTX users. The news could have a significant impact not only on the users but on the entire crypto industry as well. Meme coins with utility such as Best Wallet Token are poised to become one of the biggest beneficiaries, as we’ll discuss further in this article. First, let’s talk about the FTX repayments. Repayments Begin, Possibly More on the Way Starting February 18 at 3:00 pm UTC, the exchange has repaid the first batch of over 1,500 former FTX users. This group covers those owed $50K or less. While the repayment is already an eye-watering amount, it’s still a drop in the bucket compared to the total payouts FTX may have to settle. This could balloon to over $16B if all users file claims. FTX’s collapse in November 2022 seems like ancient history now, but it sent shockwaves across the crypto industry. This is partly because of the exchange’s size. Having over 130 subsidiaries meant that the event had a domino effect, which led to bankruptcies and job cuts within these firms. It also had a major impact on Bitcoin’s value. The world’s most valuable cryptocurrency slipped to around $16K during this period after a previous high of nearly $65K. Regulators have reacted swiftly too, and have taken a stricter approach towards crypto as a result. The United States, for instance, has fined exchanges like Binance, which was ordered to pay over $4B in 2023. Meanwhile, FTX’s former CEO Sam Bankman-Fried is currently serving a 25-year prison sentence for stealing his customers’ money from the exchange. How the FTX Repayments Will Impact…

---

Filed under: News - @ February 19, 2025 10:18 am