Opinion: FTX repayment could be seen as a positive sign of crypto industry recovery

According to Cointelegraph, FTX Digital Markets, the Bahamian subsidiary of the collapsed cryptocurrency exchange FTX, will pay its first creditors on February 18. The repayment will bring about $1.20 billion worth of funds. AlvinKan, chief operating officer of BitgetWallet, said the FTX repayment is seen as a positive sign for the recovery of the crypto industry. He believes that a large part of the 1.20 billion dollar repayment may be reinvested in cryptocurrencies, which may affect market liquidity and prices.