{"id":152224,"date":"2023-09-14T05:57:21","date_gmt":"2023-09-14T05:57:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=152224"},"modified":"2023-09-14T10:36:30","modified_gmt":"2023-09-14T10:36:30","slug":"ftx-receives-permission-to-liquidate-its-assets-could-we-see-a-massive-market-crash","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ftx-receives-permission-to-liquidate-its-assets-could-we-see-a-massive-market-crash\/","title":{"rendered":"FTX Receives Permission to Liquidate its Assets: Could We See a Massive Market Crash?"},"content":{"rendered":"
Bankrupt crypto exchange FTX has received permission from a bankruptcy court to liquidate its cryptocurrency assets<\/a> to pay back investors.<\/strong> This means bankruptcy management can now dump its massive pile of crypto holdings, which is said to be worth over $3.4 billion.<\/strong><\/p>\n <\/p>\n Judge John Dorsey of the US Bankruptcy Court for the District of Delaware on Wednesday, September 13, approved<\/a> the FTX motion filed in August, allowing the new FTX management to sell, stake, and hedge its $3.4 billion of crypto assets.<\/strong><\/p>\n \ud83d\udca5BREAKING: FTX GETS APPROVAL TO DUMP $3.4 BILLION WORTH OF #CRYPTO<\/a>! $SOL<\/a>: $1,160,000,000$BTC<\/a>: $560,000,000$ETH<\/a>: $192,000,000$APT<\/a>: $137,000,000$XRP<\/a>: $119,000,000$BIT<\/a>: $49,000,000$STG<\/a>: $46,000,000 pic.twitter.com\/jjt3ejdoUA<\/a><\/p>\n — Crypto Rover (@rovercrc) September 13, 2023<\/a><\/p><\/blockquote>\n\n