FTX Sets Sept. 30 Deadline for Next Creditor Payout Wave – Will Crypto Markets Feel the Ripple?

Bankrupt exchange FTX is gearing up to unleash another round of creditor repayments starting September 30—just in time for Q4 volatility.

Here's what you need to know:

The Comeback Trail: Nearly two years after collapsing in a blaze of glory, the defunct crypto giant continues its slow-motion asset liquidation. This phase targets over $3 billion in approved claims.

Market Impact: While retail traders obsess over memecoins, institutional players are quietly tracking these distributions. Past payouts have triggered noticeable BTC/ETH sell pressure as creditors cash out.

The Irony: FTX—once the poster child for reckless leverage—now operates with more transparency than some 'fully audited' CeFi platforms. Progress?

Bottom Line: In crypto, even bankruptcies move at blockchain speed. Watch for September's payout to test whether 'sell the news' applies to restitution events too.