In order to raise financing, the bankrupt cryptocurrency exchange FTX has approved the sale of four assets, including LedgerX.
January 12 of Delaware Maker In its decision on cash financing in order to create LedgerX, FTX Japan, FTX Europe and Embed to put up for sale allowed. FTX to manage sales transactions Perella Weinberg Partners appointed. with the company’s assets Over 110 buyers interested specified.
Law firm representing FTX Sullivan&Cromwell’s from partners Andrew Dietderich about four companies $5 billion in cash, securities and liquid cryptocurrencies Said he had it. On the other hand, CEO of FTX John Ray and restructuring team still remains between company assets and liabilities to creditors. unable to identify the difference expressed.
Dietderich, of the respective companies for sale reason for determination He made the following statements about:
Since the related companies were recently incorporated into the company, they do not have a high integration with the FTX system. We can even say that at some points there is no integration at all.
Dietderich is also a for assets. the review process has been initiated, as well as four establishments to be sold FTX.US and the main stock market of FTX again structuring or considering the sale stated.
On the other hand, FTX’s subsidiaries had previously responded to the request to sell. “dangerous for litigation” on the grounds that From the US Board of Trustees objection was raised.
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Related article: Objection to FTX’s Request to Sell from the U.S. Board of Trustees
Good News From Court to FTX: The article titled “Asset Sale Permission” was prepared by Hasan Küçük and published on koinbulteni.com.
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