Judge Approves Sale of FTX's $45M Assets in Sequoia Funds to Abu Dhabi's Investment Arm

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A Delaware bankruptcy judge has approved the sale of $45 million of FTX's assets in Sequoia Capital funds to Abu Dhabi's investment arm, court documents show. In addition, FTX has requested an indefinite postponement of the sale of Embed, a stock liquidation business initially thought to be a quick way to raise funds for outstanding creditors, whose sale hearing was originally scheduled for February 27 and subsequently postponed.

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