According to BlockBeats, on October 8, Presto Labs’ latest report showed that retail investors’ enthusiasm for FTX’s court-approved bankruptcy plan may be premature. In the report, analysts questioned whether the $16 billion in cash paid to creditors as part of the plan would flow back into the cryptocurrency market.
FTX estimates that the total value of the property available for distribution will be between $14.7 billion and $16.5 billion. This amount includes assets controlled by various entities.
“It would be premature to assume that creditors will simply put this cash into the market,” Presto Labs said. “Making such a broad assumption would require at least some analysis of the composition of creditors, and to our knowledge, no one has done this publicly yet.”
The research firm noted that repayments will begin within 60 days of the plan’s “effective” date, but an exact date has not yet been determined. This timeline suggests that any potential market impact will not occur quickly.
