Market Maker DWF Labs announced that it is interested in the cryptocurrencies that the bankrupt cryptocurrency exchange FTX will sell for liquidation.
The cryptocurrency exchange, which witnessed a bankruptcy that shook the entire cryptocurrency market last year, $3.4 billion worth of cryptocurrency is being prepared for liquidation. While this expectation creates selling pressure on cryptocurrencies, market maker DWF Labs a hopeful statement came.
DWF Labs CEO Andrei Grachev September 13 a social media where he shared the day in the postthat they are ready to offer the most favorable conditions to creditors and that the market like in 2020 FTX assets to avoid strong selling pressure they are thinking of buying emphasized:
DWF Labs is considering purchasing FTX assets to offer the best execution price to creditors and reduce the risk of massive aggressive selling pressure that could bring the market back to the challenging conditions of 2020.
According to the latest news, FTX is in liquidation process. the market is not informed in advance He filed a confidentiality request with the US court to ensure