Certain FTX assets, tokens, and equity shares are allowed to be sold by the court.

The sale of a few subsidiaries and financial investments by FTX has been given court approval. According to a study by The Block Research, FTX and Alameda invested 473 investments totaling almost $5.3 billion through various subsidiaries. The amount of money invested ranged from huge cheques, such $100 million into Mysten Labs, the company that created the Sui blockchain, to several smaller ones, including $1 million checks into firms Limit Break and Messari.

In a motion submitted on January 18 by the exchange's liquidators, it was stated that several investors had indicated a strong desire to repurchase FTX's interests in order to allow obtaining more funding from other shareholders.

On February 13, the request was granted by the U.S. bankruptcy court for the district of Delaware, approving the sale or transfer of specific assets with “relatively de minimis worth” in comparison to the total investment portfolio of FTX. According to FTX's initial motion, 185 investments totaling less than $1 million were received.

Including shares, notes payable, future total equity, future token interests, options, tokens, and merited on tokens, as well as assets in privately or publicly held enterprises, the order allows and certifies the purchase or transfer of these types of investments. Additionally, it permits the sale or transfer of affiliates and other relevant interests, such as limited partnership stakes in investment funds and venture capital.

The “confirmed investment value,” which makes reference to the preliminary money paid by FTX to obtain or put the money in the asset, must be less than or equal to $5 million in order for the authorised sale procedures to be followed. Additionally, the total selling price of each asset must be less than or equal to $1 million. The original capital invested and the total selling price must both match or be less than $1 million in order to sell fund assets.

The document stated that the investee entities will have five days to submit an objection to the sale. Without any further court authorization, FTX liquidators will carry out the deal if there is no opposition. On February 13, the court order was signed by U.S. bankruptcy judge John Dorsey.

Sequoia, Multicoin, and Kraken Ventures are just a few of the 32 different investment funds that Alameda and FTX invested almost $837 million in.

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