FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. "We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to stakeholders," FTX CEO John Ray said in a statement.
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Wednesday, April 26, 2023
Bankrupt crypto firm FTX to sell LedgerX for $50 million
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