FTX Selling Assets: $744M in Grayscale and Bitwise Trust Selloff

Sam Bankman-Fried’s bankrupt digital asset exchange FTX, along with its debtors, are seeking the green light from the United States bankruptcy court in Delaware to sell the trust assets from Grayscale and Bitwise. FTX selling assets worth around $744 million is set to be managed through an investment adviser, as detailed in a November 3 court filing.

The proposed sale or transfer of these trust assets is aimed at preparing for forthcoming dollarized distributions to creditors. According to the filing, this would “allow the debtors to act quickly to sell the trust assets at the opportune time.” It reads:

“Additionally, because the Debtors may sell the Trust Assets to one or…

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