The bankrupt cryptocurrency exchange FTX applied to the court to sell several valuable institutions as soon as possible. The new management thinks that these brands should be sold without being contaminated by the FTX name and losing its value.
By FTX attorneys on Dec. to the Delaware Court in an application, LedgerX, FTX Japan, FTX Europe and Embed He asked the court for permission to put it up for sale. The company says these brands are unlike FTX. still valuable and that by staying within more FTX their credibility without losing He argued that it should be sold first.
The application states that the operations of these affiliates recently acquired by FTX are too much with FTX. not integrated specified. These companies, whose assets are not mixed with the assets of the parent company, balanced payment forces and they have licenses Underlining that they are still valuable thanks to FTX within the to stay to continue and of operations hanging stay extension of time licenses they have permanent aspect don’t lose He suggested that there are possibilities.
Companies interested in purchasing if the application is approved by the court, fireplace from the middle of the month February until the beginning of the month preliminary offer can give. After the pre-bid stage February and March in end offer, auction and confirmation transactions is planned to be made.