Coinspeaker
FTX Seeks Approval to Sell Grayscale and Bitwise Trust Assets Valued at $744M
Debtors of the defunct FTX Derivatives exchange have initiated a novel move by requesting the US bankruptcy court in Delaware to authorize the sale of trust assets, which comprise funds managed by Grayscale Investments and Bitwise, totaling an estimated $744 million.
Rationale Behind FTX Proposed Trust Sales
This request, revealed in a recent court filing, outlines a strategic plan to expedite creditor…
