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Cryptocurrencies: 28611
Markets: 116120
Market Cap: $2,504,817,364,948     
24h Vol: $82,833,495,110
Seeking Alpha 2023-01-09 20:27:25

Over 100 parties interested in buying FTX businesses - report

Over 100 parties interested in buying FTX businesses - report
Some 117 parties are interested in acquiring units of cryptocurrency exchange FTX ( FTT-USD ), which filed for Chapter 11 protection late last year after it suffered from a bank run, CoinDesk report Monday, citing a recent legal filing . In the bankruptcy case, lawyers representing FTX debtors have prioritized the sale of LedgerX, the derivatives arm of FTX US, FTX Japan, FTX Europe and Embed, a stock-clearing platform. So far FTX ( FTT-USD ) has entered into 59 confidentiality deals, according to Kevin Cofsky, a partner at Perella Weinberg, as reported by CoinDesk. LedgerX, which was said to be one of the few FTX entities to remain solvent, received 56 expressions of buying interest, ~50 parties are interest in Embed, 41 are interest in FTX Japan and 40 are interested in FTX Europe. The parties have until Feb. 1 to submit initial bids for the four companies. Previously, (Dec. 30, 2022) FTX Japan, Liquid Japan aim to resume withdrawals in February .
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