FTX’s $16 Billion Redistribution Can Lead to Huge Liquidity Influx in Crypto
FTX is set to redistribute $16 billion to creditors in Q4 2024, which could significantly impact the crypto market by introducing a major liquidity influx. A 50 bps rate cut by the U.S. Federal Reserve and similar moves by other central banks have increased liquidity. The bankruptcy estate of FTX will conduct a redistribution of…