{"id":607093,"date":"2024-05-08T19:00:27","date_gmt":"2024-05-08T19:00:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607093"},"modified":"2024-05-08T15:50:00","modified_gmt":"2024-05-08T15:50:00","slug":"ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","title":{"rendered":"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">In a significant development, defunct cryptocurrency exchange FTX has <\/span><a href=\"https:\/\/www.cnbc.com\/2024\/05\/08\/ftx-bankruptcy-most-customers-of-crypto-firm-will-get-all-money-back.html?src=wgna\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">unveiled <\/span><\/a><span style=\"font-weight: 400\">a reorganization plan to reimburse almost all of its customers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The announcement has sparked a substantial surge in the exchange&#8217;s native token, <\/span><a href=\"https:\/\/uniquehot.com\/ftx\/ftx-founder-sam-bankman-fried-breaks-silence-announces-appeal-for-25-year-conviction\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">FTT<\/span><\/a><span style=\"font-weight: 400\">, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday&#8217;s early trading session.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">FTX Unveils Debt Repayment Strategy<\/span><\/h2>\n<p><span style=\"font-weight: 400\">FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday. The company has disclosed that it possesses between $14.5 billion and $16.3 billion, which it intends to distribute among the creditors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Under the proposed plan, customers with $50,000 or less claims will receive approximately 118% of the allowed claim amount. This <\/span><a href=\"https:\/\/uniquehot.com\/news\/solana\/ftx-estate-offloads-1-9-billion-worth-of-locked-solana-sol-tokens-in-sale\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">compensation <\/span><\/a><span style=\"font-weight: 400\">is slated to be disbursed to around 98% of the creditors, relieving FTX customers who have experienced locked funds since the exchange filed for bankruptcy protection in November 2022.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-massive-outflows\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million<\/a><\/div>\n<p><span style=\"font-weight: 400\">FTX stated in a press release on Wednesday that the company could not utilize the appreciation of the missing tokens during the Chapter 11 cases. Instead, FTX had to identify other recoverable sources of value to repay creditors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the departure of founder <\/span><a href=\"https:\/\/uniquehot.com\/ftx\/ftx-co-founder-sam-bankman-frieds-civil-liability-released-in-settlement-with-investors\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Sam Bankman-Fried<\/span><\/a><span style=\"font-weight: 400\">, FTX appointed John Ray III as CEO. Ray, speaking on the matter in November 2022, expressed his astonishment at the &#8220;complete failure of corporate controls and such a complete absence of trustworthy financial information&#8221; witnessed at FTX. Ray further stated in the press release on Wednesday:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">We are pleased to be in a position to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors.\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">FTX&#8217;s founder, Sam Bankman-Fried, faced legal consequences, being <\/span><a href=\"https:\/\/uniquehot.com\/sam-bankman-fried\/ftx-co-founder-sam-bankman-fried-appeals-25-year-conviction-and-makes-unusual-request\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">convicted <\/span><\/a><span style=\"font-weight: 400\">on seven criminal counts, including charges related to embezzling billions of dollars from FTX&#8217;s customers. Bankman-Fried was subsequently sentenced to 25 years in prison.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">FTT Bulls Eyeing $2.55 For Potential Breakout Continuation<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As of the latest update, the price of FTT has corrected to $2.050 after reaching its monthly high. This breakout occurred after consolidation between the $1.17 and $1.48 levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the current price level, FTT faces a significant resistance at $2.169, which has led to the ongoing correction. If FTT sustains its<\/span><a href=\"https:\/\/uniquehot.com\/ftx\/ftt-crashes-30-ftx-relaunch-hopes-fade\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> bullish momentum<\/span><\/a><span style=\"font-weight: 400\">, the next resistance level to watch is $2.55 in the token&#8217;s daily chart.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A successful breakthrough of this level could potentially lead to a retest of the $3 mark, which has not been revisited since January.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/forget-the-price-dip-ethereum-network-activity-hints-at-imminent-takeoff\/\" target=\"_blank\" rel=\"noopener \">Forget The Price Dip: Ethereum Network Activity Hints At Imminent Takeoff<\/a><\/div>\n<p><span style=\"font-weight: 400\">On the other hand, if the price experiences a further correction, FTT bulls should closely monitor the $1.95 and $1.765 levels, as they serve as crucial support levels. It is essential to prevent a loss of the gains achieved over the past month, which amounts to an 18% increase during this period.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/3LbUfxru\/\" alt=\"FTX\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The 1-D chart shows FTT&#8217;s price uptrend. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">FTTUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.\u00a0 The announcement has sparked a substantial surge in the exchange&#8217;s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday&#8217;s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday. The company has disclosed that it possesses between $14.5 billion and $16.3 billion, which it intends to distribute among the creditors. Under the proposed plan, customers with $50,000 or less claims will receive approximately 118% of the allowed claim amount. This compensation is slated to be disbursed to around 98% of the creditors, relieving FTX customers who have experienced locked funds since the exchange filed for bankruptcy protection in November 2022.\u00a0 Related Reading: Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million FTX stated in a press release on Wednesday that the company could not utilize the appreciation of the missing tokens during the Chapter 11 cases. Instead, FTX had to identify other recoverable sources of value to repay creditors.\u00a0 Following the departure of founder Sam Bankman-Fried, FTX appointed John Ray III as CEO. Ray, speaking on the matter in November 2022, expressed his astonishment at the &#8220;complete failure of corporate controls and such a complete absence of trustworthy financial information&#8221; witnessed at FTX. Ray further stated in the press release on Wednesday:\u00a0 We are pleased to be in a position to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors.\u00a0 FTX&#8217;s founder, Sam Bankman-Fried, faced legal consequences, being convicted on seven criminal counts, including charges related to embezzling billions of dollars from FTX&#8217;s customers. Bankman-Fried was subsequently sentenced to 25 years in prison. FTT Bulls Eyeing $2.55 For Potential Breakout Continuation As of the latest update, the price of FTT has corrected to $2.050 after reaching its monthly high. This breakout occurred after consolidation between the $1.17 and $1.48 levels. At the current price level, FTT faces a significant resistance at $2.169, which has led to the ongoing correction. If FTT sustains its bullish momentum, the next resistance level to watch is $2.55 in the token&#8217;s daily chart.\u00a0 A successful breakthrough of this level could potentially lead to a retest of the $3 mark, which has not been revisited since January. Related Reading: Forget The Price Dip: Ethereum Network Activity Hints At Imminent Takeoff On the other hand, if the price experiences a further correction, FTT bulls should closely monitor the $1.95 and $1.765 levels, as they serve as crucial support levels. It is essential to prevent a loss of the gains achieved over the past month, which amounts to an 18% increase during this period. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":566064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87361],"tags":[6664,87383,14690,1558,87394,90344,86846,89563,85702,87576,86845,71704,86844,89123,92245,89648,89272],"class_list":["post-607093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ftx-ftt-bankman","tag-crypto","tag-crypto-exchange-ftx","tag-crypto-news","tag-cryptocurrency","tag-ftt","tag-ftt-news","tag-ftt-price","tag-ftt-price-analysis","tag-ftt-token","tag-fttusd","tag-fttusdt","tag-ftx","tag-ftx-ftt","tag-ftx-bankruptcy","tag-ftx-creditors","tag-ftx-estate","tag-ftx-news"],"acf":[],"yoast_head":"\n<title>FTT Surges 50% On FTX Creditors&#039; Claims Settlement And Billions In Compensation: How High Can It Rise?<\/title>\n<meta name=\"description\" content=\"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTT Surges 50% On FTX Creditors&#039; Claims Settlement And Billions In Compensation: How High Can It Rise?\" \/>\n<meta property=\"og:description\" content=\"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T19:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-08T15:50:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"383\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?\",\"datePublished\":\"2024-05-08T19:00:27+00:00\",\"dateModified\":\"2024-05-08T15:50:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260\",\"keywords\":[\"crypto\",\"Crypto Exchange FTX\",\"crypto news\",\"cryptocurrency\",\"FTT\",\"FTT news\",\"FTT Price\",\"FTT Price analysis\",\"FTT token\",\"FTTUSD\",\"FTTUSDT\",\"FTX\",\"FTX (FTT)\",\"FTX bankruptcy\",\"FTX Creditors\",\"FTX Estate\",\"FTX news\"],\"articleSection\":[\"FTX, FTT and Sam Bankman Fried\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\",\"name\":\"FTT Surges 50% On FTX Creditors' Claims Settlement And Billions In Compensation: How High Can It Rise?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260\",\"datePublished\":\"2024-05-08T19:00:27+00:00\",\"dateModified\":\"2024-05-08T15:50:00+00:00\",\"description\":\"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260\",\"width\":383,\"height\":260,\"caption\":\"FTX\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/uniquehot.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"FTT Surges 50% On FTX Creditors' Claims Settlement And Billions In Compensation: How High Can It Rise?","description":"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","og_locale":"en_US","og_type":"article","og_title":"FTT Surges 50% On FTX Creditors' Claims Settlement And Billions In Compensation: How High Can It Rise?","og_description":"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0","og_url":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-05-08T19:00:27+00:00","article_modified_time":"2024-05-08T15:50:00+00:00","og_image":[{"width":383,"height":260,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?","datePublished":"2024-05-08T19:00:27+00:00","dateModified":"2024-05-08T15:50:00+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/"},"wordCount":504,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","keywords":["crypto","Crypto Exchange FTX","crypto news","cryptocurrency","FTT","FTT news","FTT Price","FTT Price analysis","FTT token","FTTUSD","FTTUSDT","FTX","FTX (FTT)","FTX bankruptcy","FTX Creditors","FTX Estate","FTX news"],"articleSection":["FTX, FTT and Sam Bankman Fried"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","url":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","name":"FTT Surges 50% On FTX Creditors' Claims Settlement And Billions In Compensation: How High Can It Rise?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","datePublished":"2024-05-08T19:00:27+00:00","dateModified":"2024-05-08T15:50:00+00:00","description":"Defunct cryptocurrency exchange FTX has unveiled a reorganization plan that aims to reimburse almost all of its customers.\u00a0","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","width":383,"height":260,"caption":"FTX"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/uniquehot.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?","url":"http:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ftx-ftt-bankman\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260"},"articleSection":"FTX, FTT and Sam Bankman Fried","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto exchange ftx","crypto news","cryptocurrency","ftt","ftt news","ftt price","ftt price analysis","ftt token","fttusd","fttusdt","ftx","ftx (ftt)","ftx bankruptcy","ftx creditors","ftx estate","ftx news"],"dateCreated":"2024-05-08T19:00:27Z","datePublished":"2024-05-08T19:00:27Z","dateModified":"2024-05-08T19:00:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FTT Surges 50% On FTX Creditors&#8217; Claims Settlement And Billions In Compensation: How High Can It Rise?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ftx-ftt-bankman\\\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ftx-ftt-bankman\\\/ftt-surges-50-on-ftx-creditors-claims-settlement-and-billions-in-compensation-how-high-can-it-rise\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-59.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-59.jpg?fit=383%2C260\"},\"articleSection\":\"FTX, FTT and Sam Bankman Fried\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto exchange ftx\",\"crypto news\",\"cryptocurrency\",\"ftt\",\"ftt news\",\"ftt price\",\"ftt price analysis\",\"ftt token\",\"fttusd\",\"fttusdt\",\"ftx\",\"ftx (ftt)\",\"ftx bankruptcy\",\"ftx creditors\",\"ftx estate\",\"ftx news\"],\"dateCreated\":\"2024-05-08T19:00:27Z\",\"datePublished\":\"2024-05-08T19:00:27Z\",\"dateModified\":\"2024-05-08T19:00:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-59.jpg?fit=383%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607093"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=607093"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/566064"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=607093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=607093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=607093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}