According to Cas Abbé, FTX has started distributing nearly $12 billion in stablecoins to its creditors via Kraken. This significant disbursement marks a crucial development for FTX creditors who have been awaiting reimbursement. The influx of these funds into the creditors' accounts may influence their reinvestment strategies, potentially impacting the broader cryptocurrency market. However, the exact impact on trading volumes will depend on how these funds are utilized by the creditors. [Source: Cas Abbé Twitter]

According to Crypto Rover, FTX is currently distributing funds to creditors with claims under $50,000. This group represents approximately $1.2 billion in value. The released funds are reportedly being invested into Bitcoin and various altcoins, potentially impacting cryptocurrency market dynamics. [Source: Crypto Rover]

According to Cas Abbé, FTX will commence its first batch of distributions on February 18th, targeting creditors with claims under $50,000. This distribution is anticipated to inject fresh liquidity into the cryptocurrency market, potentially impacting trading volumes and market dynamics. Source: Cas Abbé on Twitter.

According to Lookonchain, FTX and Alameda have been formally approved by a US judge to repay $12.7 billion to FTX creditors as of August 7. Additionally, on August 8, Alameda deposited 205,380 WLD tokens, valued at $351,000, into Binance.

According to EmberCN, Genesis Trading may be liquidating assets to repay creditors. Three days ago, Genesis Trading transferred BTC and ETH worth $2.591 billion to an intermediary address. These assets have started to be distributed to multiple addresses tonight, including some CEX deposit addresses. This activity suggests that Genesis Trading might be in the process of settling debts with creditors.