FTX's plan to "sell $744 million in Grayscale crypto asset trust shares" has been approved by the bankruptcy court

ChainCatcher news, according to Bloomberg, the bankruptcy court has approved FTX to sell its stake in Grayscale Investments worth approximately $744 million in cryptocurrency asset trusts to raise funds to repay billions of dollars in debts to creditors.

FTX plans to sell the assets in a way that maximizes value and avoids disrupting the digital investment market, with buyers not holding actual cryptocurrencies but rather acquiring shares in the trust company established and managed by Grayscale.