US Court Approves Sale of FTX's $45M Sequoia Assets to Abu Dhabi's Investment Arm

avatar
PANews
03-29
This article is machine translated
Show original

According to news from PANews on March 29, according to CoinDesk, a court document on Tuesday showed that a Delaware bankruptcy judge has approved the sale of FTX’s $45 million assets in Sequoia Capital Fund to Abu Dhabi’s investment arm, The Abu Dhabi Sovereign Wealth Fund. FTX also asked to postpone indefinitely the sale of Embed, a stock clearing business that was initially conceived as a quick way to raise funds for outstanding creditors. A separate court filing said Embed's sale hearing, originally scheduled for Feb. 27, was postponed and will now be suspended "until further notice," without providing further reason.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments