The court approves FTX to liquidate its crypto assets

ChainCatcher news, a Delaware district judge has approved an order allowing the bankrupt cryptocurrency exchange FTX to sell or invest its $3.4 billion worth of cryptocurrency. The plan indicates that most tokens can only be sold for $100 million per week, but the cap for each token may be permanently raised to $200 million. When selling Bitcoin, Ethereum, and other tokens, the management must notify the U.S. Trustee's Office 10 days in advance.

Previously reported, FTX holds $1.16 billion in SOL and $560 million in BTC.