FTX bankruptcy administrator seeks to sell $38 million worth of locked Worldcoin tokens at a discount

ChainCatcher reported that according to The Block, the FTX bankruptcy management team auctioned 22.3 million locked Worldcoin (WLD) tokens at a significant discount, currently worth approximately $37.7 million. The auction is part of FTX's ongoing efforts to recover funds for creditors. Interested buyers must submit bids by 8 p.m. EST on Wednesday, and the discount may range from 40% to 75%.

These WLD tokens will be unlocked daily until 2028, and the auction marks FTX’s continued processing of its assets following the sale of Solana and Metaplex tokens. FTX Legacy currently holds approximately $594 million in assets, most of which are illiquid FTT tokens.