2024-10-03
The FTX bankruptcy estate is auctioning
off approximately 22 million Worldcoin (WLD) tokens, valued at around $36 million.
This auction is part of FTX’s efforts to recover funds for creditors following its collapse in 2022. The auction is set to conclude on October 3, 2024.
The tokens being auctioned are locked
and will start unlocking at a rate of 20,000 tokens per day beginning December
1, 2024. This unlocking schedule will continue until 2028.
The auction has attracted interest due
to the potential for purchasing the tokens at a steep discount, possibly up to
75% off the current market price.
