1,000 crypto projects disappear! – How it could spark the next altseason
FTX, a once-prominent crypto exchange, has successfully completed its second round of creditor repayments, infusing the market with $5 billion. This significant financial activity comes amidst ongoing efforts to resolve the exchange's bankruptcy situation. Payments to eligible claimants are being facilitated through reputable platforms BitGo and Kraken, benefitting both U.S. and international stakeholders. While various phishing attempts were observed alongside the repayment process, the event has broader market implications, particularly stirring optimism in the altcoin sector.