Court approves FTX’s cryptocurrency liquidation plan

Odaily Planet Daily News Delaware court judge John Dorsey approved a plan to allow FTX to sell its billions of dollars worth of cryptocurrency. According to previous news, FTX submitted a proposed plan in August. Under the plan, FTX will sell its cryptocurrency holdings under the guidance of financial advisors. Under the plan, there is a weekly sales limit of $100 million for most types of cryptocurrencies held, which can be permanently increased to $200 million. According to previous court documents, FTX holds $3.4 billion worth of cryptocurrency. (theblock)