$FTT boosts more than 12% as FTX Repayments Imminent for Bahamas Creditors

$FTT, the native crypto of the defunct FTX trading platform, is up more than 12% in the past 24hours, & now trades around $2.0337, with inflow of $31.35M, & trading volume of $2.90M, as per Gate.io chart.

This comes with the massive enthusiasm across the crypto community following the thrilling report that FTX will initiate payments to its creditors in the Bahamas starting on February 18, 2025. The initial phase of reimbursements will cover claims valued at $50,000 or less, while the Payments will be processed through the crypto custody platform handling the distribution of recovered funds.