FTX to Offer Deep Discounts on $37.7M Worth of Locked WLD Tokens to Recover Creditor Funds

According to a recent report from COINOTAG, quoting The Block, FTX is actively pursuing the sale of 22.3 million locked WLD tokens, presently valued at approximately $37.7 million. This transaction is a component of FTX’s ongoing initiatives aimed at recuperating assets for its creditors. Sources indicate that prospective purchasers are required to submit their bids for the WLD token sale by 8 p.m. Eastern Time on Wednesday. Successful bidders are expected to receive notifications by Thursday. Notably, the discount range for these WLD token sales could be between 40% and 75% lower than the prevailing market price, which is about $1.69 per token. This strategic sale is considered a significant move in FTX’s efforts to enhance liquidity and address its financial obligations.