FTX is scheduled to conduct another reimbursement this month, dispensing $1.6 billion to its creditors on September 30. This liquidity influx could trigger an altcoin season.
Still, compared to the initial announcements in July, this payment round is $300 million less than advertised. There’s a bullish opportunity at hand, but a little caution is also advisable.
FTX Reimbursements Continue
The FTX collapse three years ago was a seminal moment for the crypto industry, and the creditor reimbursement process is still causing a lot of fallout in 2025. As part of the shuttered exchange’s plan, the FTX Recovery Trust is aiming to carry out a major round of payments on September 30:
The exchange announced these plans a few months ago, but prior statements mentioned $1.9 billion in payments. However, FTX’s newest statement quietly downgraded those reimbursement expectations by $300 million. The firm’s press release didn’t discuss this discrepancy, but it’s nonetheless full of useful information.
Eligible FTX creditors can expect to receive reimbursement payments within 1-3 business days of November 30. These distributions will come through predetermined service providers like Bitgo, Kraken, and Payoneer.
After the announcement, the exchange’s FTT token rallied.
New Altcoin Opportunities?
This development could be highly bullish, depending on a few factors. In the past, FTX reimbursements have frequently triggered hopes for an altcoin season. These fresh hits of liquidity can juice retail sentiment, providing an opportunity for new profits.
Currently, the Altcoin Season Index is reporting 74 out of a possible 100, meaning that we’re on the verge of an altcoin season. Considering the delicate situation for this market, FTX reimbursements may be enough to trigger sturdy forward momentum.
Still, it’s impossible to be sure at the moment. These payouts will be $300 million smaller than initially advertised, and that’s no small sum. Hopefully, mitigating circumstances like this won’t be enough to disrupt the bullish opportunity at hand.
The post FTX To Pay Out Another $1.6 Billion This Month, Boosting Altcoin Season Hopes appeared first on BeInCrypto.
