Bankrupt FTX wants to liquidate $744 million in assets from Grayscale and Bitwise
The exchange explained that the sales were necessary to mitigate against price swings.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Genesis, Digital Currency Group, and Gemini are tangled in complex legal disputes as the NYAG looms over bankruptcy processes.
The bankrupt exchange is reportedly eyeing a relaunch of its trading operations.
The amended plan categorizes creditor claims against Genesis Global Holdco into 10 classes, with 4 classes of crypto-denominated unsecured claims divided by currency.
BlockFi initially halted withdrawals and filed for bankruptcy in November 2022.
FTX customers who held over $250,000 from the platform nine days before it went bankrupt might be asked to relinquish 15% of their withdrawals.
FTX liquidators staked the assets via Figment, a staking service provider.