TechFlow news: The U.S. Bankruptcy Court for the District of Delaware has authorized and approved FTX to sell or transfer certain assets with a total sale price of less than or equal to $1 million, including FTX's investments in private and public trading companies (warrants, tokens and token warrants, stocks, promissory notes, future equity, and future token interests). The approval also allows FTX to sell or transfer subsidiaries and other related interests, including limited partnership interests in venture capital and other investment funds.
According to reports, on January 18, FTX’s liquidator filed a motion stating that some investors have expressed strong motivation to repurchase FTX's interests, facilitating raising additional funds from other investors. On February 13, the U.S. Bankruptcy Court for the District of Delaware approved the motion, authorizing the sale or transfer of certain assets deemed "relatively low-value" compared to FTX’s overall asset base. FTX's original motion indicated approximately 185 investments were valued below $1 million.
