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Court approves sale of FTX digital assets
Assets will be sold off weekly, with special handling for BTC, ETH and "insider-affiliated tokens."
FTX will be allowed to sell digital assets, excluding Bitcoin BTC $26,255, Ether ETH $1,618 and “certain insider-affiliated tokens,” in weekly batches through an investment adviser under preestablished guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors’ committee and ad hoc committee or to raise the limit to $200 million weekly with approval of the court.