K33 Analyst: FTX compensation is expected to start at the end of this quarter and continue until the beginning of Q1 2025.

【K33 Analyst: FTX Compensation may start at the end of this quarter and continue until the beginning of Q1 2025】K33 analyst Vetle Lunde and David Zimmerman estimate that the payment will start at the end of this quarter and continue until the beginning of the first quarter of 2025, within 60 days of the effective date of the court, the date is still uncertain, but is expected in mid-November. Among the compensation of 14.4 billion to 16.3 billion US dollars, analysts estimate that 3.9 billion US dollars have been purchased by credit funds, which are unlikely to return to the market. About 33% of the remaining compensation is owned by sanctioned countries/regions, insiders, and individuals who have not undergone KYC verification and cannot obtain claims. The remaining 8 billion US dollars, they expect 20% to 40% to be deposited in the cryptocurrency market, or about 2.4 billion US dollars within this range, because 'FTX's trader base is composed of native aggressive adventurers in the cryptocurrency market.' However, this process may unfold in multiple waves next year, which means its overall impact on the encryption market may be modest. (TheBlock)