The cryptocurrency exchange FTX, which faced financial difficulties in 2022, intends to sell its digital asset storage wallet for a nominal price.

In December 2021, the trading platform acquired Digital Custody Inc. (DCI) for $10 million, which was licensed to provide custodial services by the authorities of South Dakota, USA. However, the FTX management decided to divest from this company due to the unsuccessful attempt to restore business in the USA, which deprived DCI of practical value.

On February 9, FTX lawyers filed a motion in Delaware court seeking approval to sell DCI for a modest sum of $500,000. The exchange management received three purchase offers for the organization and chose CoinList, a company specializing in launching early-stage token sales. Apparently, this company plans to use the DCI wallet to store cryptocurrencies belonging to its clients.

FTX is actively selling its assets to repay debts to creditors. The latest major deal involved the Bitcoin-ETF Grayscale Bitcoin Trust (GBTC). After court approval in November 2023 for the sale of the fund's shares, the trading platform converted GBTC shares into fiat currency worth around $1 billion.