FTX submitted a filing requesting permission to engage in these activities in August, arguing that hedging its crypto assets would “allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” while “staking certain digital assets … will inure to the benefit of the estates – and, ultimately, creditors – by generating low risk returns on their otherwise idle digital assets,” according to the filing by FTX’s lawyers.

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• Source: https://www.coindesk.com/policy/2023/09/13/judge-allows-bankrupt-ftx-to-sell-its-crypto-holdings-including-btc-and-sol/?utm_medium=referral&utm_source=rss&utm_campaign=headlines