FTX Seeks Court Approval to Sell $744 Million in Grayscale and Bitwise Trust Assets for Creditor Payouts
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FTX has requested to sell trust assets from Grayscale and Bitwise worth $744M to prepare for creditor payouts.
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The assets include $53M from a Bitwise trust and $691M from 5 Grayscale trusts.
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This comes after a court approved the sale of $3.4B in crypto assets from FTX in September.
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An investment advisor and pricing committee would oversee the trust asset sales.
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The request comes amid FTX founder Sam Bankman-Fried being found guilty on all counts in his criminal trial.