FTX and Alameda have collectively invested around $5.3 billion across 473 investments, as reported by The Block Research.
The US bankruptcy court has authorized the sale or transfer of certain assets of “relatively de minimis value” compared to FTX’s total asset base.
This includes investments in privately or publicly held companies, warrants, tokens, shares, promissory notes, future equity interests, future token interests, and limited partnership interests in venture capital and other investment funds.
The aggregate selling price of each asset must be less than or equal to $1 million, and the “confirmed investment value” must be less than or equal to $5 million.
Investee entities have five days to file an objection to the sale. If no objection is received, FTX liquidators will proceed with the transaction without further order from the court.
