The post Bankrupt FTX Closes $50 Million Sale of LedgerX, Amidst Growing Calls for Switch to Hybrid Exchanges appeared first on Coinpedia Fintech News
In November 2022, the cryptocurrency ecosystem was hit by a shock collapse. FTX, one of the biggest centralized exchanges at the time had irregularities in their books and had insufficient assets in reserve to match the withdrawals of customers. 
As the bankruptcy proceedings of FTX moves forward, the company has now announced an agreement reached with M7 Holdings to sell its crypto derivatives platform LedgerX LLC to raise funds to reimburse users.
The bankruptcy proceedings of FTX serve as a constant reminder of why cryptocurrency traders are leaving centralized exchanges for innovative hybrid exchanges like Tradecurve.
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FTX to Sell LedgerX for $50 Million
In a bankruptcy hearing on Tuesday, April 25th, the lawyers representing the beleaguered crypto exchange FTX agreed to sell LedgerX. FTX will sell

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