According to Milk Road, FTX has initiated the repayment process to its customers, using USD valuations based on 2022 cryptocurrency prices. Specifically, Bitcoin is valued at $18,000, Solana at $15, and Ethereum at $2,500. This repayment scheme might affect trading strategies as it establishes a fixed point of asset value, potentially impacting market liquidity and customer trading behavior. Source: Milk Road.

According to Crypto Rover, FTX has initiated a test transaction involving 1 Bitcoin as part of its repayment process, which is set to release $16 billion into the cryptocurrency market. This development is perceived as bullish for Bitcoin and altcoins, potentially driving market activity and increasing liquidity.

According to Dave (@ItsDave_ADA), FTX is set to begin its repayment process with the first distribution occurring on February 18, 2025, at 10 am ET. Claims under $50,000 total approximately $1.2 billion, representing 119% of the initial claims, indicating potential for full recovery. However, there remains $345 million in claims that have not completed Know Your Customer (KYC) verification, which may impact the overall process and timeline.

According to Lookonchain, Mt. Gox has moved 44,527 BTC, valued at $2.84 billion, to an internal wallet. This movement, which occurred 5 minutes ago, might be in preparation for repayment. Currently, Mt. Gox holds a total of 138,985 BTC, worth approximately $8.87 billion.

According to @lookonchain, the MtGox wallet transferred out 47,229 BTC, valued at $2.71 billion, 30 minutes ago. This movement might be in preparation for the anticipated repayment scheduled for July.