The U.S. Bankruptcy Court for the District of Delaware has given FTX, the bankrupt cryptocurrency exchange, the green light to liquidate approximately $3.4 billion in digital assets
According to filings dated Sept. 11, the beleaguered exchange has assembled assets of around $7 billion, which include $1.16 billion in Solana tokens, $560 million in Bitcoin , and $119 million in XRP. , led by Mike Novogratz, will act as the investment manager responsible for conducting the sale.
The scheme permits FTX to sell up to $100 million worth of tokens each week, a cap that could potentially be doubled for individual tokens.
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