FTX Warns Against Bids and Asset Sales

As the bankrupt FTX exchange works towards settling its debts, it has warned the public about a sole authorized investment manager responsible for selling digital assets mandated by the bankruptcy court.

In a post on March 1, FTX stated that Galaxy Asset Management is the only authorized investment manager and cautioned that non-authorized third parties are attempting to solicit bids on behalf of the FTX Debtors.

Additionally, FTX clarified that any locked digital assets sold will still adhere to the predetermined unlocking schedule.

Despite the bankruptcy, FTX has been making progress in repaying its creditors and has recovered $7 billion in assets for this purpose.