In the proposal, FTX would still not have to issue advance public notice of transactions given their market-moving implications – as the prospect that a crypto player selling off as much as $100 million of assets per week has already chilled crypto prices.
The U.S. Trustee originally objected to FTX’s plan, saying that any intention to sell off bitcoin (BTC) or ether (
FTX will be hoping that is enough to placate opponents, with Judge John Dorsey set to consider the proposal at a hearing later Wednesday in a Delaware courtroom. Earlier this week, FTX revealed it holds $1.16 billion in solana’s SOL and $560 million in bitcoin.