On 13 September, Delaware district judge John Dorsey gave crypto exchange FTX a green signal to sell its crypto holdings.
, and some insider-affiliated tokens, FTX will have to notify the US Trustee 10 days in advance. The Trustee is appointed by the US Department of Justice .
Additionally, the firm also has other options than to sell its crypto holdings. The court filing also allowed the exchange to stake and hedge its crypto holdings. The filing read, “the Debtors are seeking authorization to hedge the Debtors’ Bitcoin and Ether through an Investment Adviser by, for example, buying or selling call or put options. Hedging Bitcoin and Ether will allow the Debtors to limit potential downside risk prior to the sale of such Bitcoin or Ether.”disclosed this week, the bankrupt crypto exchange has $1.16 billion in SOL, which is 16% of Solana’s outstanding supply.
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