Bankrupt FTX Seeks To Stake and Hedge Crypto Holdings With Help From Mike Novogratz’s Galaxy

08/24 07:40

Bankrupt cryptocurrency exchange FTX is seeking to hire Galaxy Digital, an investment advisor part of Mike Novogratz's crypto conglomerate, to help sell, stake, and hedge its $3 billion crypto holdings. FTX hopes to return funds to creditors in fiat currency and generate low-risk returns on idle digital assets through staking.

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