As bankrupt crypto trading platform FTX Derivatives Exchange gets ready to fulfill its obligations to creditors who were affected by its implosion in 2022, it has issued a warning, notifying the public of its only authorized investment manager.
FTX Confirms Its Authorized Investment Asset Manager
As its first monthly message to its community, FTX took to X to inform its creditors that the FTX Debtors’ sale of Digital Assets under a bankruptcy court order, is exclusively under the purview of Galaxy Asset Management, the court-authorized investment manager. As such, the team would only accept any offers to sell or solicitation of offers to buy that are made only by Galaxy Asset Management.
The firm advised interested parties who are institutional buyers or otherwise in compliance with applicable law are therefore advised to take note.
The firm revealed that some unauthorized third parties are already making moves to bid on behalf of certain FTX Debtors. It is obvious that the FTX tea
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