FTX has petitioned a Delaware court to authorize the sale of a $175 million claim against Genesis Global Capital, part of Digital Currency Group, amidst its bankruptcy process. This initiative is aimed at converting the claim into liquid assets, avoiding the delays of potential litigation. The goal is to achieve a minimum of 95% value based on the highest market quote, showcasing FTX's effort to maximize asset recovery for its creditors following its 2022 collapse and Genesis' bankruptcy in 2023.
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