This article is also available in Spanish.
The FTX SAGA has entered yet another chapter since the exchange collapsed almost three years ago. The company has begun repaying an estimated $1.2 billion to the first wave of previous FTX users.
First, let’s talk about paying back FTX.
The repayment has started and is probably on the way
Starting at UTC on February 18th at 3pm, Exchange has repaid the first batch of over 1,500 former FTX users. The group covers less than $50,000.
Repayments are already eye-catching amounts, but they are a drop in buckets compared to the total payments FTX has to settle. This could swell to more than $16 billion if all users file a claim.
The collapse of FTX in November 2022 now seems like ancient history, but it sent shockwaves throughout the crypto industry.
This is part of the size of the replacement. Having a subsidiary of more than 130 people means there is a domino effect on the event, leading to bankruptcy and employment cuts within these companies.
It also had a major impact on the value of Bitcoin. The world’s most valuable cryptocurrency slipped to around $16,000 during this period after its previous highest amount of $65,000.
Regulators have responded quickly, and as a result, they have taken a more stringent approach to cryptography. For example, the US has fined exchanges like Binance. I ordered to pay over $4 billion 2023.
Meanwhile, former FTX CEO Sam Bankman-Fried is currently serving a 25-year sentence for stealing clients’ money from exchanges.
How FTX repayments affect the market
The $1.2 billion payment is a significant amount. So some of this will be reinvested in the crypto market, and will help to increase the demand for meme coins, especially the best wallet tokens.
Furthermore, repayments could restore confidence in Crypto’s reputation, which was hit by the FTX fiasco. Investors who have been bearished by the exchange’s collapse may once again have a reason to dip their toes into the code.
But not everyone can expect to be satisfied with the good news.
This is because when FTX goes bankrupt, users are paid according to the crypto price, resulting in an interest of 9% per year. $BTC holders are particularly unhappy as the value of digital currency has increased by almost 400% since 2022.
Life after FTX
The Crypto market has changed dramatically since the collapse of FTX. For example, the number of meme coins and token pre-sale is booming, giving investors more options to grow their money.
One of the best pre-sale today is Best Wallet Token ($ best). The project is led by the creators of top-class Crypto wallets, and is committed to bringing exclusive benefits to token holders.
One will allow users to vote for important decisions that impact the best wallet ecosystem. If you love the product and want to make it better, you can hear your voice as you have the $ best token.
Apart from that, investors have their first dibs on the team’s new projects and future token releases. This will help you buy coins while they are still cheap, giving you an advantage over non-token owners.
Finally, when you have $BEST, you can enjoy lower trading fees and higher APY staking opportunities.
Coinsult had already audited the best wallet tokens in November 2024, and no major issues were found among them. This makes it a safe and reliable project to invest without the risks associated with some token pre-sale.
The project has raised over $102 million so far, making it one of the hottest new cryptocurrencies of 2025. You can grab the best $ at $0.02405 each, but the price is about to rise again in under 2 days, so buy, better.
A few tips before investing
As we’ve seen at $BTC prices over the past few years, the crypto market is very unstable. Therefore, do your own research before investing.
You should also consider consulting with your financial advisor about your financial decisions. The information in this article is not for educational purposes only, not as investment advice.
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