Insider: FTX is seeking to sell 22.3 million WLD in Lock-up Position at a significant discount.

robot
Abstract generation in progress

BlockBeats News, on October 3rd, according to sources cited by The Block, FTX is seeking to sell 22.3 million Lock-up Position WLD at a discounted price, currently valued at approximately $37.7 million. This sale is part of the institution's ongoing efforts to recover funds for creditors. Two sources said that interested buyers must submit bids for WLD Token sales before 8 p.m. Eastern Time on Wednesday, and if their bids are accepted, these buyers will be notified before Thursday. FTX's discount for selling WLD Tokens this time may be as low as 40% to 75% below the current Spot market price, which is currently about $1.69 for WLD in the Spot market.

View Original
  • Reward
  • 2
  • Share
Comment
No comments