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FTX debtors have prioritized selling four businesses owned by the company, however, the US bankruptcy trustee in FTX’s case has argued that FTX has provided very little information on what’s actually being sold.In the new legal filing of FTX’s bankruptcy case, more than 117 buyers have shown interest in purchasing
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As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed. In a Jan. 8 court filing made by Kevin Cofsky, a partner at Perella Weinberg, the investment bank representing FTX US and affiliated firms.
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On Dec. 15 lawyers representing FTX filed a motion with the United States Bankruptcy Court seeking permission to sell off the firm's Japanese and European branches, derivatives exchange LedgerX and stock-clearing platform Embed. The lawyers note that each of these businesses have been under pressure from regulators, which “merit[s] an
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Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX. Source
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Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers. In a Dec. 1 hearing of
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FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company's bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter. Source
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Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha Bell; Avanti CTO Bryan Bishop; Trader at Grapefruit trading Joe Keefer; President of Baton Systems Jerome Kemp; VP and
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The ink has dried on an acquisition announced by FTX.US in August, revealing a multipronged approach by the American arm of Sam Bankman-Fried’s trading empire.Regulated futures exchange LedgerX will now be known as FTX US Derivatives, FTX.US said Monday. The deal’s close follows the launch of a non-fungible token (NFT)
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Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to users to its ecosystem. One project that has seen massive growth throughout 2021 thanks to its increasing public exposure and exciting protocol launches and partnerships is FTX,
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