The bankrupt cryptocurrency exchange FTX received permission to sell its crypto assets.
During the hearing, Judge John Dorsey said he approved the motion to sell billions of dollars worth of cryptocurrencies and rejected two objections that had been raised against the plan.
Under the proposal, asset sales would be overseen by a financial adviser. FTX will be able to sell no more than $100 million worth of coins and tokens per week, although this limit can be increased to $200 million per asset.
We previously reported that FTX owns crypto assets totaling $3.4 billion, of which $1.16 billion in SOL, $560 million in Bitcoin, $196 million in Ethereum and others.
Also, the head of DWF Labs Andrey Grachev said that the company may acquire the assets of FTX.
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