Opinion: FTX repayment can be seen as a positive sign of crypto industry recovery

Odaily News FTX Digital Markets, the Bahamian subsidiary of the defunct cryptocurrency exchange FTX, will repay its first batch of creditors on February 18, which will bring in funds worth about $1.2 billion. Alvin Kan, COO of Bitget Wallet, said that FTX's repayment is seen as a positive sign of the recovery of the crypto industry. He believes that a large part of the $1.2 billion repayment may be reinvested in cryptocurrencies, which may affect market liquidity and prices. (Cointelegraph)