- FTX reiterates Galaxy Asset Management as the exchange’s sole authorized intermediary to sell FTX’s crypto portfolio.
- The exchange warns against unauthorized third-party attempts to intervene in selling FTX’s digital assets.
- The platform previously requested the court to appoint Galaxy as its advisor, considering the asset manager’s vast experience.
The bankrupt crypto exchange FTX has officially announced the investment manager, Galaxy Asset Management, as their sole authorized intermediary for the FTX Debtors’ sale of digital assets. The platform has also warned against unauthorized third parties’ attempts to “solicit bids from buyers on behalf of the FTX Debtors.”
(1/4) The FTX Debtors’ sale of Digital Assets pursuant to Bankruptcy Court Order no. 2505 is exclusively being handled by the FTX Debtors’ court-authorized Investment Manager, Galaxy Asset Management (GDAM@galaxy.com).— FTX (@FTX_Official) March 1, 2024
Following the unexpected fall of FTX in November 2022 and the subsequent arrest of its founder, Sam Bankman-Fried, the exchange had been looking for ways to reimburse its customer funds. In a court filing, FTX highlighted its pr…
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