FTX Gets Court Approval to Liquidate $3.4 Billion in Crypto Assets: What it Means for the Market
Bankrupt cryptocurrency exchange FTX has officially received court approval to liquidate $3.4 billion in crypto assets. This landmark decision, approved by Judge John Dorsey in the United States Bankruptcy Court for the District of Delaware, marks a significant step in the ongoing FTX bankruptcy proceedings.
The clearance, according to court documents dated 13 de sept. de 2025, grants the collapsed exchange's new management permission to sell billions of dollars worth of digital currencies, including Solana, Bitcoin, and other altcoins. In a new court filing, the exchange requested, and received, the ability to leverage its cryptocurrency assets to settle debts.
Key Takeaways from the FTX Liquidation Approval
- $3.4 Billion Liquidation Approved: The U.S. Bankruptcy Court has granted FTX the green light to liquidate a substantial portion of its crypto holdings.
- Asset Sales Include Bitcoin, Solana, and More: The fire sale will encompass a diverse portfolio of cryptocurrencies.
- Judge Dorsey's Approval: An important move for the bankrupt digital asset exchange FTX was overseen by Judge John Dorsey.
- Settlement of Debts: The funds generated from the liquidation will be used to repay creditors and stakeholders.
- 13 de sept. de 2025: This approval provides a crucial milestone in resolving the bankruptcy case.
The bankruptcy judge has approved FTX's plans to liquidate, allowing the sale process to commence. The scale of the liquidation raises questions about potential market impact, with analysts closely monitoring the price movements of the affected cryptocurrencies.
Stay updated on this developing story as we continue to provide coverage on the FTX bankruptcy and its implications for the cryptocurrency industry.