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FTX Secures Court Approval to Sell Crypto Holdings, Including BTC and SOL

by Index Investing News
September 13, 2023
in Cryptocurrency
Reading Time: 1 min read
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FTX submitted a filing requesting permission to engage in these activities in August, arguing that hedging its crypto assets would “allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” while “staking certain digital assets … will inure to the benefit of the estates – and, ultimately, creditors – by generating low risk returns on their otherwise idle digital assets,” according to the filing by FTX’s lawyers.



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