Crypto derivatives exchange LedgerX, which is seen as one of the most valuable assets of bankrupt FTX, has been put up for sale. It has been suggested that giants such as Gemini and Blockchain.com are interested in the company.
According to a recent Bloomberg report, FTX’s new CEO, Jhon J. Ray, and his restructuring team are reviewing the company’s assets to ensure creditors’ assets are repaid. It has been reported that FTX has put LedgerX up for sale in this context. According to the statement made in mid-November, approximately 303 million dollars having cash of LedgerX It is not yet known how much profit will be made from the sale.
According to the information provided by sources close to the subject, of 10 companies, LedgerX is interested in the sale and among the companies Gemini and Blockchain.com as well as giants bitpanda and of Kalshi was among the information received.
It was also claimed that LedgerX signed a confidentiality agreement with some parties involved in the sale. Players in the industry see this move as a sign that things are getting serious.
Regarded as one of FTX’s most valuable assets, LedgerX is the backbone of founder Sam Bankman-Fried’s efforts in Washington. Touchstone was seen as
After filing for bankruptcy, FTX withdrew its application to the US Commodity Futures Trading Commission (CFTC) for its subsidiary LedgerX.