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International Business Times
International Business Times
Business
Nica Osorio

FTX Wins Court Approval To Sell Nearly $900M Worth Of Grayscale, Bitwise Trust Assets

FTX Bitwise Grayscale Sam Bankman-Fried Crypto Bitcoin

A Delaware bankruptcy court approved the request of the now-bankrupt cryptocurrency exchange platform FTX to sell nearly $900 million of its trust assets, with the proceeds to be used to repay creditors affected by the spectacular implosion in 2022 of the then-billion-dollar crypto empire.

In a Nov. 3 filing, FTX informed the court that it is ready to sell its Grayscale assets held at Bitwise and Grayscale, comprising a wide range of exchange-traded products that the investment company manages, such as Bitcoin and Ethereum Trusts.

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