FTX to Sell Digital Custody Unit for $500K, Down from $10M Buy

FTX, the crypto exchange that filed for bankruptcy in November 2022, will sell Digital Custody Inc (DCI), one of its subunits acquired in the past, for a fraction of the original purchase price. The sale of CoinList, a tokenized platform, is capped at $500k, unlike the $10 million on FTX paid for DCI during August 2022. This move is part of FTX`s ongoing initiatives to dispose of its assets and repay its creditors following the collapse of the crypto empire of Sam Bankman-Fried.