$FTT
♣️Hi everyone, I'm A10JQK. Today I'll bring you the latest progress on FTX's bankruptcy liquidation.
🃏According to The Block, the FTX bankruptcy management team is preparing to sell Worldcoin (WLD) tokens worth about $37.7 million at a significant discount. Specifically, they plan to auction 22.3 million locked WLD tokens.
♠️The auction is part of FTX's ongoing efforts to recover funds for creditors. Interested buyers need to submit bids before 8 pm EST on Wednesday. The discount may range from 40% to 75%, which is a considerable offer for potential buyers.
♥️It is worth noting that these WLD tokens will be unlocked daily until 2028. This auction marks FTX's continued processing of its remaining assets after selling Solana and Metaplex tokens.
♦️According to the latest data, FTX Legacy currently holds approximately $594 million in assets, most of which are FTT tokens with poor liquidity.
This auction reflects the complex liquidation process of the cryptocurrency market after major events. For investors, this may be an opportunity to obtain WLD tokens at a discount, but the relevant risks and market changes also need to be considered.