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Several crypto influencers, including AIXBT, incorrectly claimed bankrupt FTX distributions would begin in January, sparking market excitement. FTX clarified that payouts won’t start until March, with the first payments expected 60 days after January. The $16 billion disbursement rumor was dismissed, with FTX’s current cash reserves projected to increase by March. Bankman-Fried’s mismanagement led to FTX’s collapse in late 2022, resulting in criminal convictions for him and associates.
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