FTX Token

Million

Grayscale Bitcoin Trust

Dubai

Coin

<div class="insidebitcoins">
 <p>FTX has received approval from a bankruptcy court to start selling up to $873 million worth of assets in Grayscale and Bitwise investment trusts.</p>
 <p>The Grayscale Bitcoin Trust accounts for $807 million of the assets, while custody service provider Bitwise accounts for the remaining $66 million. The approval came from a bankruptcy court in Delaware on November 29. <img decoding="async" class="aligncenter wp-image-462194 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20776%20229'%3E%3C/svg%3E" alt="FTX Grayscale Bitwise" width="776" height="229" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 776w, https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 768w" data-lazy-sizes="(max-width: 776px) 100vw, 776px" data-lazy-src="https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp">
  <noscript><img decoding="async" class="aligncenter wp-image-462194 size-full" src="https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp" alt="FTX Grayscale Bitwise" width="776" height="229" srcset="https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 776w, https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/304dbd8262ae10b37cadf00c6739c76b.webp 768w" sizes="(max-width: 776px) 100vw, 776px">
  </noscript>The assets were originally worth $744 million, a court document shows, but have since appreciated.</p>
 <h3 id="ftx-to-avoid-market-disruption">FTX To Avoid Market Disruption</h3>
 <p>Court documents indicate that FTX will sell the assets in a way that not only maximizes the value but also avoids market disruption.</p>
 <p>Interim CEO, John Ray III, who took the reins after Sam Bankman-Fried was ousted, has been spearheading the asset recovery efforts since November 2022. Up to $7 billion worth of assets have been recovered, out of which $3.4 billion (48.5%) comprise crypto.</p>
 <p>Bankman-Fried has been accused of misappropriating customer assets worth almost $9 billion.</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>FTX Seeks Court Approval To Sell Grayscale And Bitwise Assets Valued At $744 Million</li>
  <li>FTX Token Price Prediction: FTT Coin Crashes 9% As Buzz Grows Around A New Crypto Casino Project&nbsp;That Aims To Take On Rollbit</li>
  <li>Former FTX General Counsel Can Sun To Lead New Dubai Crypto Exchange</li>
  <li>FTX Token Price Prediction – Why is FTT Crypto Pumping in November?</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-wins-approval-to-sell-873-million-of-grayscale-bitwise-assets-tbt72211.html">https://thebittimes.com/ftx-wins-approval-to-sell-873-million-of-grayscale-bitwise-assets-tbt72211.html</a></p>
</div>

FTX Wins Approval To Sell $873 Million Of Grayscale, Bitwise Assets

목차

TheBitTimes

2023년 11월 30일에 게재된 다른 기사

KyberSwap hacker demands full control over the DEX at ‘fair valuation’

Bitcoin ETF Diprediksi Hadir Januari 2024, Harga BTC Targetkan Puncak Baru

AI Network's Runo NFT Sellouts Mark Big Win for Decentralized AI (30 Nov)

ApeCoin Investors Eye Rebel Satoshi as the Next Big Thing!

Kyber Director Demands Executive Control and Asset Surrender in Bold Negotiation Terms

Binance settlement ‘net positive’ for cryptocurrency industry — Mike Novogratz

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!