The bankruptcy administration of FTX, which suffered a major collapse in November 2022 and went bankrupt, causing millions of people around the world to lose their assets, continues to sell its assets.

Finally, it was stated that the management, which sold a significant amount of SOL to crypto investor companies such as Pantera and Galaxy Digital with a value of close to $2 billion, plans to make the next sale by auction. Mike Cagney, CEO of decentralized exchange Figure Markets, stated that he was informed about the issue on his X account and said, “I also confirmed my knowledge.”

It was stated that the reason why FTX chose the auction path was that the tokens held by the exchange attracted great interest in every sale. And if the interest is great again, the exchange could generate much more revenue than it would otherwise.

The last sale was made at $60 per SOL token. However, the companies also made a commitment not to sell SOL tokens for a certain period of time after these purchases. Although it is still unknown how long this period is, it is claimed to be at least 2 years.

On the other hand, Mike Cagney informed that Figure Markets, of which he is CEO, will also play an intermediary role in these sales.