FTX exchange issues notice in regard to its Authorised Investment Manager

The post FTX exchange issues notice in regard to its Authorised Investment Manager appeared first on Coinpedia Fintech News

As FTX has brought the public to notice about its sole authorized investment manager as it prepares to settle obligations to the creditors affected by its 2022 collapse. FTX took to X to explain that the sale of Digital Assets by FTX Debtors, mandated by the bankruptcy court, is solely managed by Galaxy Asset Management, its authorized investment manager. Only offers by Galaxy Asset Management shall be accepted for selling or buying solicitations. This was to make the interested parties aware, the institutional buyers, in particular. This comes in the wake of some unauthorized third parties attempts to bid on behalf of certain FTX Debtors.