U.S. Bankruptcy Court Judge John Dorsey of the District of Delaware ruled that cryptocurrency exchange FTX can sell and invest its cryptocurrency holdings to repay creditors.
Previously released documents showed the assets were worth more than $3.4 billion as of August 31.
It has been reported that FTX revealed earlier this week that it holds Solana (SOL) tokens worth $1.16 billion, accounting for about 16% of the token’s circulating supply, as well as Bitcoin worth about $560 million, and some The assets consist of less liquid altcoins.
FTX Debtors submitted a proposed plan in August, under which token sales would be guided by financial advisors and weekly sales of most tokens would be capped at $100 million, although the cap could be raised to $200 million.