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FTX Granted Permission to Sell $3.4B in Crypto Holdings by US Court

In a significant development, the U.S. Bankruptcy Court for the District of Delaware has granted crypto exchange FTX permission to sell, invest, and hedge its crypto holdings, valued at over $3.4 billion, to settle outstanding debts. This ruling comes after FTX's legal team filed a request for authorization to engage in the sale of the digital assets, citing the benefits of hedging crypto assets and generating returns from staking certain digital assets for the estates and creditors.Judge John D... Read More

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Posted: Sep 13 2023, 18:45

Author Name: financemagnates

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