FTX exchange issues warning on authorized bids and asset sales
FTX explained that when the FTX Debtors sell locked digital assets, the terms and conditions governing the schedule for unlocking the holdings would still stand.
As the bankrupt FTX Derivatives Exchange prepares to settle obligations to creditors affected by its 2022 collapse, it has cautioned the public about its sole authorized investment manager.
FTX said on the X social platform that the sale of Digital Assets by FTX Debtors, mandated by the bankruptcy court, is solely managed by Galaxy Asset Management, the authorized investment manager. Therefore, only offers by Galaxy Asset Management will be accepted for selling or buying solicitations.
The statement made by FTX was to enlighten interested parties, especially institutional buyers who comply with the law. The firm mentioned that some unauthorized third parties have begun attempting to bid on behalf of certain FTX Debtors.
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