FTX has received court approval to sell select investment assets and subsidiaries, as part of the liquidation process.
The court authorized the sale or transfer of certain assets, including investments in privately or publicly held companies, warrants, tokens and token warrants, shares, promissory notes, future equity interests and future token interests.
The aggregate selling price of each asset must be less than or equal to $1 million, and the confirmed investment value must be less than or equal to $5 million.
Investee entities have five days to file an objection to the sale, after which FTX liquidators will proceed with the transaction.
