The bankruptcy court approved FTX to sell part of its tokens, stocks, subsidiaries, and other assets

ChainCatcher News, the U.S. Bankruptcy Court for the District of Delaware has authorized and approved FTX to sell or transfer certain assets with a total sale price of less than or equal to $1 million, including investments held by FTX in private and public trading companies (warrants, tokens and token warrants, stocks, promissory notes, future equity, and future token rights). It also allows FTX to sell or transfer subsidiaries and other related interests, including limited partnership interests in venture capital and other investment funds.

It is reported that the FTX liquidators submitted a motion on January 18, stating that some investors expressed a strong motivation to repurchase FTX interests to facilitate raising additional funds from other investors. The U.S. Bankruptcy Court for the District of Delaware approved the motion on February 13, authorizing the sale or transfer of certain assets that are "relatively low in value" compared to FTX's total asset base. FTX's initial motion stated that approximately 185 investments had amounts below $1 million. (The Block)