K33 analyst: FTX payouts may start at the end of the quarter and continue until the beginning of the first quarter of 2025
K33 analysts Vetle Lunde and David Zimmerman estimate that payments will begin at the end of the quarter and continue until the beginning of Quarter 1, 2025, within 60 days of the court's effective date, which is still uncertain, but expected in mid-November. Of the $14.40 billion to $16.30 billion payout vaccine, analysts estimate that $3.90 billion has been purchased by credit funds and is unlikely to return to the market, with about 33% of the remaining compensation owned by sanctioned countries, insiders, and people who have not been verified by KYC and cannot obtain claims. With $8 billion remaining, they expect 20% to 40% of it to be deposited in the cryptocurrency market, or about $2.40 billion in the middle of that range, as "FTX's trader base consists of aggressive risk-takers native to cryptocurrencies. However, this process is likely to unfold in multiple waves over the next year, meaning its overall impact on the crypto market is likely to be modest. (TheBlock)