FTX tonight 2/18 launched the first repayment to creditors, can it motivate the market Rebound?

FTX exchange, which declared bankruptcy reorganization in 2022, will commence the first phase of repayments tonight, the 18th, potentially fueling further market upside? (Background: FTX claims website has shown 'repayment amount' 2/18 to receive 120.5% cash back, what to do if marked Disputed?) (Reminder: FTX creditors must complete KYC by 3/1, otherwise deemed waiver of claims (tutorial attached)) FTX exchange, declared bankruptcy on November 11, 2022, will finally begin the first creditor payment tonight at 11 pm Taiwan time after over 800 days of reorganization. Sunil: The first phase compensation amount is estimated to be $1.2 billion. According to FTX creditor Sunil's post yesterday, the first batch of claimants (amount less than $50,000) will receive a total of approximately $1.2 billion, with a payout rate of 119%, with around $345 million in claims still pending KYC verification. The next repayment may be in the second quarter of 2025, for creditors with claims exceeding $50,000 (distribution amount around $17 billion+, first phase around $7 billion). If the actual repayment amount is as described by Sunil, there is a significant difference from longer's previous speculation. For example, as quoted by Cointelegraph last week, the first phase repayment scale will reach $65 - $70 billion. Sunil also added that approximately 50% ($4 billion) of the first $8 billion distributed (excluding incomplete KYC) will flow to 'claim buyers,' while the other 50% will go to original holders. He believes claim buyers will not reinvest in Crypto Assets, and original holders will not reinvest the entire claim amount in Crypto Assets. It seems to imply that the additional funds from this distribution may not bring much help to the Crypto Assets market... However, regardless, creditors being able to recover their assets after over two years of waiting is certainly a cause for joy. Let's continue to observe how the market will react. Related reports: FTX to initiate repayments on 2/18: creditors with claims below $50,000 can receive 119% cash back FTX repayments expected to start in February, creditors must complete the following claims steps before 1/20 FTX compensation imminent, be cautious of these Tokens or significant sell pressure. This article was first published on BlockTempo, the most influential Blockchain news media on Dynamic Block Trends.