Quote from: nelson4lov on February 23, 2025, 10:59:51 PM

Quote from: DeathAngel on February 22, 2025, 10:06:09 AM

Doesn’t seem to be having a positive effect on the price so far, I thought it would as people start to buy crypto again with the payouts. Maybe we need to give it time. At least it’s a good thing that there will be no mass sell event as the creditors are getting fiat equivalents back, not their original crypto.

We should give it a few weeks. Bear in mind that not everyone have received their money back. For instance, there are plenty jurisdictions that are not allowed to get their FTX payments for now including most parts of Africa amd other places as well. So I believe the distributed value is already too tiny to quantify right now.

Maybe it’s because they didn’t receive the payments in bitcoin/crypto but in USD. From the comments I have read online, it appears that a good number of the creditors are keen on going back into the market and investing the money in one crypto project or the other. I’m happy for them they they are getting at least some of their money back, but I don’t think it’s smart to start revenge trading.