FTX submitted a submitting requesting permission to have interaction in these actions in August, arguing that hedging its crypto belongings would “permit the Debtors [FTX] to restrict potential draw back danger previous to the sale of such bitcoin or ether,” whereas “staking sure digital belongings … will inure to the good thing about the estates – and, finally, collectors – by producing low danger returns on their in any other case idle digital belongings,” based on the submitting by FTX’s legal professionals.
