The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s holdings.
FTX Wins Approval to Offload $3.4B in Digital Assets
The FTX estate received approval to sell its digital assets valued at $3.4 billion, a report by Coindesk said Wednesday. Judge John Dorsey approved the motion, overruling two objections.
FTX’s assets are comprised of $1.16 billion in SOL, $560 million in BTC, $192 million in ETH, $137 million in APT, $120 million in USDT, $119 million in XRP, $49 million in BIT, $46 million in STG, $41 million in WBTC and $37 million in WETH. Bitgo is managing these assets, and there have been discussions about not selling the funds directly on the open market.
Last week, FTX said on social media that it was moving and bridging tokens back to their or
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