Bankrupt crypto exchange FTX has hired U.S. crypto firm Galaxy as an advisor to help hedge and sell its crypto holdings, according to court filings made late on Wednesday.
Galaxy, owned by billionaire investor Mike Novogratz, will also help"stake" FTX's crypto, a process where crypto is lent to validate blockchain transactions, earning interest in the process.
Source: Digital Coin News (digitalcoinnews.net)
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