News14 February 2023

The court approved the sale of investments, tokens and shares of the FTX company

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This was revealed in a report by The Block Research which showed that FTX and Alameda spent around $5.3 billion on 473 investments through various subsidiary companies.

The investments were quite diverse and ranged from large checks of $100 million for Mysten Labs and the Sui blockchain development to smaller investments of $1 million in startups like Limit Break and Messari.


Recently, exchange liquidators filed a motion on January 18th, indicating that some investors are eager to buy shares of FTX in order to draw in additional capital from other investors. 

The motion was approved by the US bankruptcy court of Delaware on February 13th, giving the go-ahead for the sale or transfer of certain assets that are considered to have "relatively minimal value" compared to FTX's overall assets.

As for the question of whether there will be a micro-surge in the value of FTT, it's hard to say at this point. Market conditions and investor sentiment can play a big role in determining the value of an asset, so it remains to be seen what will happen.

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