💼 FTX's Recovery Strategy! 📊🛡️ Cryptocurrency exchange FTX, amidst bankruptcy concerns, files court documents outlining its plan. FTX aims to utilize Galaxy Digital as an advisor to manage its $3 billion crypto holdings. The move is geared toward selling, staking, and hedging its crypto assets, offering specialized financial services. FTX's lawyer emphasizes the intention to repay creditors in fiat currency, avoiding the sale of Bitcoin or Ethereum (ETH) directly. By engaging an advisory firm, FTX seeks to prevent asset value decline, safeguarding profits from short sellers and market participants. Galaxy Digital's expertise and substantial asset ties with FTX support this strategy, promoting FTX's best interests. 🚀💰 #FTXRecoveryPlan #GalaxyDigital #CryptocurrencyStrategy