FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
The latest price moves in crypto markets in context for Nov. 6, 2023.
Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.
Crypto markets slumped Monday amid concern FTX will unload some of its $3.4 billion of crypto assets.