Coinspeaker
FTX Businesses Like LedgerX Draw Interest from More than 100 Potential Buyers
In the new legal filing of FTX’s bankruptcy case, more than 117 buyers have shown interest in purchasing the assets and businesses of the crypto exchange FTX. It’s almost two months since crypto exchange FTX filed for bankruptcy in November 2022.
The crypto exchange’s bankruptcy filing includes more than 100 entities. As per the previous reports, FTX owes a total of $3.1 billion to its top 50 creditors. In this bankruptcy process, lawyers who are representing the FTX debtors have prioritized selling four businesses which include LedgerX, Embed, FTX Japan, and FTX Europe.
In a legal filing on Sunday, January 8, attorney Kevin Cofsky noted that all these four entities are relatively independent of FTX and their value could decrease during the bankruptcy case if not sold. Cofsky is currently a partner at investment bank Perella Weinberg Partner, which represents FTX US and other affiliate firms
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