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Galaxy will hedge FTX’s Bitcoin and ETH to safeguard them from price volatility.
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SBF will now face two trials; the first begins on October 2, 2023, and the second on March 11, 2024.
Bankrupt crypto exchange FTX is leveraging Galaxy’s hedging techniques for its digital asset holdings to reduce its price vulnerability. FTX and its subsidiaries filed for Chapter 11 bankruptcy on November 11, 2022. The crypto exchange has sizeable holdings of Bitcoin and Ethereum and is alleged to orchestrate one of U.S. history’s most significant financial crimes.
FTX have filed a motion to start staking, and to hedge BTC and ETH sales and liquidate its $3bn crypto holding
FTX (A&M) is seeking authorisation to engage Mike Novogratz’s Galaxy to facilitate this pic.twitter.com/Hg0VIfC1Ae
— Sunil (FTX 2.0 Champion) (@sunil_trades) August 24, 2023
FTX Shakes Had With Galaxy
As per the last known report, all FTX’s holdings are seized. This partnership
We współpracy z: https://www.thecoinrepublic.com/2023/08/25/ftx-to-use-galaxys-skill-to-manage-its-digital-assets-stack/
