Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell, stake and hedge its crypto holdings in order to pay back creditors.
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
In a court hearing, Judge John Dorsey said that he approved the motion and overruled two objections that were made opposing the plan.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bankrupt FTX estimated to be worth around $7 billion; Solana alone worth around $1.16 billionFTX is once again making headlines a little less than a year since its collapse for the upcoming hearing. The Omnibus hearing will decide whether FTX
Read more »
Crypto exchange Bullish among bidders for bankrupt FTXCrypto exchange Bullish is among several parties making a bid for defunct trading platform FTX, according to sources.
Read more »
More U.S. companies have gone bankrupt in 2023 so far than all of 2022 or 2021S&P Global Market Intelligence has counted 459 filings as of Aug. 31, compared with 373 for all of 2022 and 408 for all of 2021.
Read more »
Amazon, Target furniture supplier Noble House in Chatsworth goes bankruptThe company said it plans to sell its assets after inflation and weakening consumer spending crimped its finances.
Read more »
FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentationA presentation for a shareholders’ meeting of the bankrupt cryptocurrency exchange FTX shows progress is being made toward settling the company’s complex financial issues.
Read more »
US allows $6 billion frozen Iranian to flow as part of prisoner swap dealUS waiver may lead to criticism of President Joe Biden from Republicans and others who believe it will heal Iran's economy while Tehran poses a growing threat to Washington.
Read more »