FTX 破產財產轉為拍賣剩餘的 Solana 控股

倒閉的加密貨幣交易所 FTX 計劃拍賣其剩餘的鎖定 Solana (SOL) 代幣，這標誌著與先前固定價格銷售的轉變。此舉旨在最大限度地提高回收價值，並將涉及建立特殊目的機構（SPV），以促進經過認可的美國和非美國投資者的參與。拍賣將允許基於社區的出價決策，1 美元等於一票，有興趣的各方可以使用各種加密貨幣進行投資。

FTX Bankruptcy Estate Pivots to Auction Strategy for Remaining Solana Tokens

FTX 破產財產轉向拍賣剩餘 Solana 代幣策略

New York, April 21, 2024 - The bankruptcy estate of the defunct cryptocurrency exchange FTX has announced a shift in its token liquidation strategy, opting for an auction-based sale of its remaining locked Solana (SOL) tokens. The decision is intended to optimize market value recovery, following the sub-market-price sales of its token holdings in recent weeks.

紐約，2024 年 4 月 21 日 - 已倒閉的加密貨幣交易所 FTX 的破產財產宣布改變其代幣清算策略，選擇透過拍賣方式出售剩餘的鎖定 Solana (SOL) 代幣。該決定的目的是在最近幾週以低於市場價格出售其持有的代幣後，優化市場價值恢復。

The announcement was made by Mike Cagney, CEO of crypto exchange Figure Markets, via a tweet on April 20th, 2024. According to the tweet, the exact details of the auction will be released on Monday.

加密貨幣交易所Figure Markets執行長 Mike Cagney)於2024年4月20日透過推文宣布了這一消息。

"Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want in, join us," Cagney tweeted.

「剛剛得到確認，#FTX 莊園的下一輪鎖定的 #solana 代幣將進行拍賣，具體細節將於週一公佈。如果你想參加，請加入我們，」卡格尼在推特上寫道。

Departure from Previous Liquidation Method

偏離之前的清算方法

The auction model marks a departure from FTX's previous token liquidation approach, which involved selling tokens at fixed market prices. In March 2023, FTX began offloading its $7.5 billion stash of locked SOL tokens, often at substantial discounts. For example, one transaction recorded the sale of 26,964 SOL at $64 per token, representing a 67% markdown from the market value at the time.

該拍賣模式標誌著與 FTX 先前的代幣清算方式的背離，後者涉及以固定市場價格出售代幣。 2023 年 3 月，FTX 開始出售其價值 75 億美元的鎖定 SOL 代幣，通常價格大幅折扣。例如，一筆交易以每枚代幣 64 美元的價格出售了 26,964 SOL，比當時的市場價值下降了 67%。

Community-Based Decision-Making

基於社區的決策

Figure Markets, an active participant in the upcoming auction, is establishing a Special Purpose Vehicle (SPV) to facilitate participation for both non-U.S. and accredited U.S. investors. The SPV will empower community-based decision-making on bid prices, with $1 equating to one vote. Interested parties can invest using U.S. dollars, USDC, Bitcoin, and Ether.

Figure Markets 是即將舉行的拍賣的積極參與者，正在建立一個特殊目的機構 (SPV)，以促進非美國投資者和經過認可的美國投資者的參與。 SPV 將授權基於社區的投標價格決策，1 美元相當於一票。有興趣的人可以使用美元、USDC、比特幣和以太幣進行投資。

Previous Sales and Involved Parties

過往銷售及相關方

In August 2023, FTX appointed Galaxy Digital CEO Mike Novogratz as its investment manager, entrusting him with the oversight of the $3.4 billion sale of Bitcoin, Ethereum, Solana, and other cryptocurrencies.

2023 年 8 月，FTX 任命 Galaxy Digital 執行長 Mike Novogratz 為其投資經理，委託他監督比特幣、以太坊、Solana 和其他加密貨幣 34 億美元的銷售。

In early March 2023, Pantera, a $5.2 billion asset manager, raised funds for a Pantera Solana Fund with the intent of purchasing up to $250 million of SOL from the FTX estate. Later that month, Neptune Digital Assets Corp. announced the acquisition of 26,964 SOL for $1.7 million.

2023 年 3 月初，價值 52 億美元的資產管理公司 Pantera 為 Pantera Solana 基金籌集資金，打算從 FTX 資產購買高達 2.5 億美元的 SOL。當月晚些時候，Neptune Digital Assets Corp. 宣布以 170 萬美元收購 26,964 SOL。

Positive Reception from Creditors

債權人的積極回應

The transition to an auction-based sale method has been well-received by some FTX creditors, particularly those who felt disadvantaged by the earlier fixed-price sales. Suni Kavuri, an activist and vocal critic representing some of the creditors, commended the new approach for offering a more accessible entry point for smaller investors. The minimum investment for the auction is set at $5,000, compared to the previous $5 million threshold for direct purchases.

基於拍賣的銷售方式的轉變受到了一些 FTX 債權人的歡迎，尤其是那些因早期固定價格銷售而感到處於不利地位的債權人。代表一些債權人的積極分子和直言不諱的批評家蘇尼·卡武里(Suni Kavuri)讚揚了這種為小投資者提供更容易進入的新方法。此次拍賣的最低投資額定為 5,000 美元，而先前直接購買的門檻為 500 萬美元。

Legal Concerns and Class-Action Lawsuit

法律問題和集體訴訟

Kavuri has been a staunch opponent of how Sullivan & Cromwell—the law firm overseeing FTX's bankruptcy proceedings—has managed the exchange's assets. He contends that the firm's valuation methods have significantly undervalued the assets, potentially harming the creditors' potential recovery.

Kavuri 一直堅決反對 Sullivan & Cromwell（負責監督 FTX 破產程序的律師事務所）管理交易所資產的方式。他認為，該公司的估值方法嚴重低估了資產，可能會損害債權人的潛在復甦。

Kavuri's grievances are part of a broader class-action lawsuit against those involved in managing FTX's bankruptcy estate. The lawsuit seeks reparation for the alleged diminishment of the creditors' assets.

Kavuri 的不滿是針對參與管理 FTX 破產財產的人員的更廣泛集體訴訟的一部分。該訴訟尋求對債權人資產據稱減少的賠償。

Conclusion

結論

The FTX bankruptcy estate's decision to implement an auction-based sale for its remaining SOL tokens signals a shift in its token liquidation strategy. The move aims to maximize market value recovery and address concerns raised by creditors regarding the previous fixed-price sales. The auction details will be announced on Monday, and participation will be facilitated through a Special Purpose Vehicle set up by Figure Markets. The transition has been met with positive feedback from some creditors, while legal challenges related to the management of FTX's assets continue to unfold.

FTX 破產財產決定對其剩餘的 SOL 代幣實施拍賣出售，這標誌著其代幣清算策略的轉變。此舉旨在最大限度地恢復市場價值，並解決債權人對先前固定價格銷售提出的擔憂。拍賣細節將於週一公佈，並將透過Figure Markets 設立的特殊目的工具促進參與。這一過渡得到了一些債權人的正面回饋，同時與 FTX 資產管理相關的法律挑戰仍在繼續出現。