The FTX bankruptcy liquidator reached a settlement agreement with the debtor, and global customers will be compensated in US dollars, but the need to sell digital assets may affect prices.

Here’s a quick rundown of the latest developments in FTX’s bankruptcy case:

FTX liquidators reached a settlement agreement with the debtors, and global customers will be compensated in US dollars.

Digital assets such as BTC, ETH, etc. will be sold and converted into US dollars for compensation, which may put some pressure on the prices of these currencies.

Customers holding digital assets can only receive US dollar compensation, but cannot obtain physical assets, and cannot profit from rising asset prices.

Customers holding FTX’s own token FTT will not receive any compensation, and this part of their rights and interests will be considered worthless.

Specific compensation work is expected to begin in the second half of 2024, but the procedure and location still need to be determined #sol