FTX Gains Court Green Light to Sell Assets
The Delaware bankruptcy court has approved FTX’s request to liquidate its digital holdings, excluding Bitcoin, Ethereum, and certain “insider tokens.” The sale of these exempted assets will be subjected to special conditions.
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The initial selling cap for the other coins is set at $50 million in the first week, potentially increasing to $100 million and then to $200 million with further court approval.
Only experts will have access to detailed financial statements, ensuring the general public receives an edited version to help sustain market stability.
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