The FTX collapse happened two years ago but is still a haunting memory for most crypto investors, especially the victims who lost their crypto holdings. However, with the lead elements behind the collapse facing the consequences, things were getting back in line, and as a result, the FTX token price has begun gaining strength. Interestingly, the FTT price has surged 12% due to the trading volume hitting the roof with a 450% increase in the last 24 hours.
Why Did FTT Volume Hit $161.31M After 450%?
With Sam Bankman and his associates like Caroline Ellison starting imprisonment, the FTX exchange is under new leadership. In the last two years, things have been moving in creditors’ favor, as the firm is focused on restoring the reputation but first on formulating a repayment plan for the victims.
Just yesterday, the FTX Debtors announced the $12B repayment under Chapter 11, effective on Jan 3, 2025. For the smooth distribution of these billions of funds, the firm has collaborated with th
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