Shiba Inu

<ul><li>FTX attempts to address debts by moving $22 million in crypto assets, including 77.77 billion SHIB and 1,643 ETH.</li><li>The approval to sell Grayscale assets in segments totaling $744 million is aimed at gathering funds for debt repayment.</li><li>The complex FTX scenario involving crypto-based trusts and insolvency has garnered significant attention in the crypto community.</li></ul>FTX, the embattled crypto exchange, has taken a significant step to address its substantial debts by moving approximately $22 million worth of various cryptocurrencies. This strategic move involved transferring assets such as 77.77 billion <a href="https://cryptotale.org/shiba-inu-rides-market-sentiment-eyes-december-surge-amidst-crypto-landscape/" rel="noopener noreferrer nofollow">Shiba Inu </a>(SHIB) valued at $652,000 and 1,643 Ethereum (ETH) valued at $3.43 million. Additionally, the transaction included several other cryptocurrencies, including IMX, GMT, UNI, BAL, LOOKS, and WOO, among millions of other tokens.Moreover, the bankrupt entity navigates its financial crisis by converting its crypto assets into fiat currency. This decision aims to generate the funds necessary to repay <a href="https://cryptotale.org/?s&#61;FTX%27s" rel="noopener noreferrer nofollow">FTX&#39;s</a> creditors. Consequently, this move has sparked significant attention in the crypto community. Lookonchain, a blockchain investigator, drew attention to these transactions, underscoring their significance.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/299723cac3004995a78a8cd8691b8f36.png" />Furthermore, FTX&#39;s recent <a href="https://www.bloomberg.com/news/articles/2023-11-29/ftx-approved-to-start-selling-744-million-in-grayscale-assets" rel="noopener noreferrer nofollow">approval </a>to sell stakes in Grayscale’s digital assets marks another critical step. The assets, valued at around $744 million, were part of the court proceedings. Hence, this sale signifies a substantial effort to accumulate fiat for debt repayment. Significantly, FTX&#39;s approach is cautious. They plan to sell these assets in segments to avoid market disruptionRead full article at <a href="https://cryptotale.org/shiba-inu-price-rises-amid-ftxs-massive-22-million-crypto-transfer/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Shiba Inu Price Rises Amid FTX's Massive $22 Million Crypto Transfer

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