Billion

Coin

<ul class="news-points"> 
 <li>The crypto market plunged after reports that FTX could liquidate $3.4 billion in crypto.</li> 
 <li>A court hearing is scheduled tomorrow to discuss the sale of the crypto assets.</li> 
 <li>Some crypto influencers believe the liquidation is FUD and that nothing significant will happen.</li> 
</ul> 
The <a href="https://coinedition.com/market/" rel="noopener noreferrer nofollow">crypto market</a> plugged into a deeper bearish trend after revelations that the bankrupt FTX exchange could liquidate billions of dollars worth of crypto assets. Specifically, a recent report from Bloomberg revealed that administrators overseeing FTX’s assets have <a href="https://coinedition.com/ftx-seeks-to-reverse-millions-of-dollars-paid-to-athletes-for-brand-hype/" rel="noopener noreferrer nofollow">recovered</a> approximately $7 billion. 
Out of the recovered lump sum, $3.4 billion is comprisedof cryptocurrencies. The report highlighted that a crucial court hearing is scheduled tomorrow on a comprehensive plan to initiate the sale of the tokens to facilitate the repayment of creditors waiting for a resolution to their claims. 
In response, some prominent crypto influencers have taken to their social media channels to alert the crypto community of the impending dump. In a tweet, Crypto Rover shared a breakdown of the funds FTX is expected to liquidate. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 FTX is expected to receive approval to liquidate the following assets on Septemb… 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ftxs-planned-liquidation-of-3-4-billion-crypto-fud-or-reality/">FTX’s Planned Liquidation of $3.4 Billion Crypto: FUD or Reality?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

FTX’s Planned Liquidation of $3.4 Billion Crypto: FUD or Reality?

Coin Edition

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