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Aug 24

FTX to Hire Galaxy Digital to Sell Assets

In the wake of its financial challenges, FTX has embarked on a strategic move to navigate its path towards stability. The crypto exchange, now facing bankruptcy, has filed plans in court outlining its intention to manage its $3 billion worth of digital assets. For this purpose, FTX is enlisting the expertise of Galaxy Digital, helmed by Mike Novogratz. With a focus on returning funds to creditors in fiat currency, FTX's strategy involves the sale, staking, and hedging of its significant ...

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