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FTX's $1.2B Repayments Represent Major Milestone in Long-Awaited Recovery of Crypto Industry

Repayment Plan Announced After months of speculation and uncertainty, FTX Digital Markets has finally announced its repayment plan for creditors. The exchange, which filed for bankruptcy in 2022, has agreed to repay $1.2 billion to its creditors in a series of installments. FTX Coin (FTX) Soars The announcement of FTX Digital Markets' repayment plan has caused a surge in the price of FTX Coin (FTX), the native cryptocurrency of the exchange. FTX Coin, which is currently listed on multiple major exchanges, has seen a significant increase in trading volume and market capitalization since the news broke. Investors Rejoice The repayment plan has been met with enthusiasm from investors and creditors alike. Many have been eagerly awaiting news of FTX Digital Markets' financial situation and are now relieved to see a concrete plan in place for repayment. Crypto Community Reacts The cryptocurrency community has also been buzzing with the ...