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FTX’s LedgerX Up for Sale as Restructuring Process Picks Up

  • Firm is one of few solvent pieces of crumbled crypto empire
  • At least 10 firms have expressed interest in platform
Bloomberg business news
Bankman-Fried Says He Will Testify Before US House
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LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants and Gemini, according to people familiar with the matter.

The unit, which is registered with the US Commodity Futures Trading Commission as a derivatives exchange, was a cornerstone of Bankman-Fried’s efforts in Washington. It’s also considered one of the most valuable assets associated with FTX after more than 100 other entities filed for bankruptcy.