FTX gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claim
By
Biju Kumar
Bankrupt crypto exchange FTX received US bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay creditors.
At a hearing in Wilmington, Delaware, US bankruptcy judge John Dorsey signed off on FTX’s sale of LedgerX, its non-bankrupt crypto derivatives trading platform, to an affiliate of Miami International Holdings.