FTT - FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors | Benzinga
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.
The FTX Court Decision: Judge John Dorsey gave the nod during a Wednesday court session, dismissing two counterarguments that had been presented against the proposal, according to Coindesk.
As a result, FTX can now sell, stake and hedge its cryptocurrency assets, which the exchange claims are valued at over $3.4 billion.
This development and its implications for the broader digital asset landscape will be a topic of interest at Benzinga's Future of Digital Assets conference on Nov. 14. The event will delve into the evolving dynamics and challenges of the cryptocurrency world.
During the hearing, a representative for the ad hoc committee of FTX customers voiced ...