FTX Gets Court Approval to Sell Billions in Bitcoin, Ethereum and Solana

1 year ago 326

The collapsed exchange's new management now can sell billions of dollars in Solana, Bitcoin and other assets.

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Sam Bankman-Fried's FTX was a major support of Solana. Image: Shutterstock

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Collapsed digital asset exchange FTX was today given the green light to sell billions worth of crypto assets by the judge overseeing its bankrtupcy proceedings.

Delaware Bankruptcy Court officials approved that the defunct crypto brand can now sell $3.4 billion in Solana, Ethereum, Bitcoin, and other assets.

FTX quickly and unexpectedly went bankrupt last November due to alleged criminal mismanagement.

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Source: decrypt.co

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