FTX Asks Court Permission to Sell off Four Businesses, Including LedgerX

Dec 16,2022
KingData News: FTX has asked a federal court to allow the sale of four subsidiaries, including LedgerX, a U.S.-based derivatives unit, and Embed, an equity trading service, as well as FTX Japan and FTX Europe. attorneys representing FTX have filed motions to auction the four subsidiaries. If approved by the judge, and if there are no objections from other stakeholders, the bidding process and sale will take place in the first quarter of next year.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
30,373Follow
74,916

Recommend

More