In a recent development, Delaware Court Judge John Dorsey has approved a plan that allows FTX to sell its cryptocurrency holdings worth billions of dollars. The specific details of the sales format have not been disclosed. When selling bitcoin, ether and other tokens, the estate would be required to give the U.S. Trustees office 10 days notice.
Earlier, FTX had submitted a plan in August with the aim of selling its cryptocurrency holdings under the guidance of financial advisors. According to the plan, there is a weekly sales limit of $100 million for most types of cryptocurrencies, with the possibility of permanently increasing this limit to $200 million.
According to previously filed court documents, FTX holds cryptocurrency assets valued at $3.4 billion.