Big Development Regarding FTX’s Billion Dollar Altcoin Sale: It May Sell Secretly!

Bankrupt cryptocurrency exchange FTX has filed a confidentiality request with the US court to ensure that the market is not informed in advance during the liquidation process.

FTX September 12 In his application to the Delaware Court on $3.4 billion worth of cryptocurrency In order for market participants not to be aware of the situation before its liquidation right to avoid public notification he demanded.

The US Trustees initially responded to FTX’s request. objection did. The delegation, FTX Bitcoin (BTC) And Ethereum (ETH) other participants’ intention to sell objection as much as possible in order to give them the opportunity to widely publicized He said it was necessary. In the agreement reached by the parties, FTX announced its intention to sell to the stock exchange. creditor committees Besides the to US officials agreed to report.

The court has not yet heard about the request. has not reached a definitive decision emphasized. trial judge John Dorsey It was stated that the request would be evaluated within the day. It was stated that if the court accepts the FTX request, the cryptocurrency market will have a more comfortable course psychologically.

Cryptocurrency company of famous Chinese billionaire Jihan Wu matrixport In a report published on Monday, FTX’s upcoming $3.4 billion asset liquidation on altcoins causes selling pressure he had suggested.

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