The estate of the defunct crypto exchange FTX has revealed plans to distribute billions of dollars as part of repayments to creditors. This has sparked bullish sentiments, considering that it could inject fresh liquidity into the crypto market, leading to higher prices. In a press release, the defunct crypto exchange’s estate announced that it will distribute almost $1.6 billion to creditors on September 30 as part of the Chapter 11 Plan of Reorganization. The Recovery Trust will distribute this sum to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements.