🚨 FTX confirms the third refund, will $1.9 be reinvested into the market or cashed out?



📌 FTX has been approved by the Delaware court to disburse an additional $1.9B to creditors across 3 groups:
- Class 5: depositors on the exchange
- Class 6: unsecured creditors
- Convenience Class: requires under $50K

📌 After FTX has repaid $1.2B ( tranche 1) and $5B ( tranche 2), the third tranche is expected to begin refunds on 30/09. Right after the Fed lowers interest rates.

📌 The likelihood of this cash flow reversing back into the market is quite high as the market is extremely active.
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