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    These 5 altcoins are rallying ahead of $16 billion FTX creditor payout

    Author AvatarBy George Brooks No Comments 8 Mins Read
    • FTX begins creditor payouts on January 3, in agreement with BitGo and Kraken, per an official announcement. 
    • Bonk, Fantom, Jupiter, Raydium and Solana are rallying on Thursday, before FTX repayment begins. 
    • Experts believe creditor repayments could infuse fresh cash into the market, likely to contribute to buying pressure on crypto tokens. 

    FTX exchange is set to begin repaying its creditors on Friday. The bankrupt exchange is set to begin repayment of up to $16.5 billion in assets recovered after the entity’s collapse. 

    United States (US) bankruptcy judge John Dorsey approved the plan at a court hearing and FTX

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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