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Murtuza Merchant

FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors

FTX Crypto US Bankruptcy Court John Dorsey PIERRE BORTHIRYUNSPLASH Delaware Bitcoin

The U.S. Bankruptcy Court for the District of Delaware has granted permission to collapsed crypto exchange FTX to leverage its cryptocurrency assets to settle debts with creditors. PHOTO BY PIERRE BORTHIRY/UNSPLASH

The U.S. Bankruptcy Court for the District of Delaware has granted permission to collapsed crypto exchange FTX to leverage its cryptocurrency assets to settle debts with creditors.

Judge John Dorsey gave the nod during a Wednesday court session, dismissing two counterarguments that had been presented against the proposal, according to Coindesk.

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