FTX Owns 3.4 Billion Dollars In Cryptocurrencies, A Value That Could Possible Crash The Market In The Short Term If It’s Liquidated

FTX revealed to be one of the biggest scams in the last bullrun, the exchange filled for bankrupcy with millions of clients losing their investments and being left with nothing.

Now we came to know that FTX owns 3.4 billion dollars in crypto assets, being the major holding SOL, followed by BTC, which is followed by ETH.

FTX may be forced to sell all its assets to mitigate the damage made by the company, this would lead to 3,4 billion dollars of cryptocurrencies hitting the market, causing a lot of sell pressure on the respective coins. This might be an event that makes the market dip a little bit more, but it should be in the short term and the market might recover afterwards.

The big question is if this money will be used to reimburse the victims of FTX, this process keeps on going but the people that got really damaged by the lost funds still didn't get anything. The most important thing should always be atleast giving something to these people, who might have lost their life savings because of a company that was tragedy waiting to happen without anybody knowing it.

Do you think that the people who got damaged by FTX will ever be atleast paid something? Or will this money just vanish in the wind?