According to a new article published in Reuters, one of the world’s largest news agencies. FTX New problems emerged in the bankruptcy process of the stock market. The plan to sell the assets of the bankrupt exchange and its subsidiary LedgerX is being questioned by US authorities.
The board of trustees dealing with the file recently challenged the plan to sell FTX and its subsidiaries’ assets in the US, Europe, and Japan.
According to the report, Andrew Vara, a member of the US Board of Trustees, thinks that the asset sale transaction could destroy valuable information that has not yet been revealed:
“We should not currently allow the sale of assets of FTX or any affiliated entity. Because we do not know what kind of new information we will encounter in the future. The sale of assets may lead to the destruction of evidence that may arise in the future. We do not favor the sale until all investigations are completed.”
The new management of the sunken cryptocurrency exchange had planned to sell FTX’s assets in Japan and Europe, along with derivatives exchange LedgerX, stock exchange platform Embed, in order to pay off debt to its customers. Lawyers representing the stock market in the solution proposal prepared on December 15 emphasized that this sale could be a way out.
Many institutional investors are closely interested in bankrupt companies, along with FTX. A confidentiality agreement has already been signed with 26 of the 134 companies involved in the lawsuit.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!