FTX Warns on Bid and Asset Sales

The bankrupt FTX exchange, preparing to settle its obligations following its 2022 collapse, has warned about its sole authorized investment manager, Galaxy Asset Management. FTX stated that the sale of digital assets by FTX Debtors is solely managed by Galaxy Asset Management and warned against non-authorized third parties soliciting bids. The terms for unlocking the sold locked digital assets will remain the same. The exchange, which has recovered $7 billion in assets to repay customers, has received approval to sell its over $1 billion stake in AI firm Anthropic.