TechFlow news — FTX hopes to repay creditors in cash rather than in bitcoin or ether, while carefully managing transactions to avoid harming the value of its holdings of over $3 billion in crypto assets.
FTX's legal team stated that hedging its crypto assets could limit potential downside risks. Staking coins to earn low-risk returns would also increase the total pool of assets available for distribution to customers still waiting to recover their funds.
Fearing that a large-scale sell-off could trigger a price crash, FTX is turning to market experts to develop trading strategies. The company seeks to hire Galaxy Asset Management for digital asset management and trading. These requests still require approval from the Delaware bankruptcy court.
