• September 28, 2023


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FTX Debtors Agree to Sell LedgerX

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An affiliate of Miami International Holdings has agreed to purchase FTX’s derivatives exchange, LedgerX, for approximately $50 million.

The US bankruptcy court overseeing FTX’s proceedings must approve the sale to M7 Holdings, and a sale hearing is set for May 4.

In order to raise funds for creditors, FTX was granted approval to sell business units earlier this year.

FTX Japan, FTX Europe, and Embed Financial Technologies are all up for sale, and a legal filing from the beginning of 2021 indicated that over 117 parties have expressed interest in the FTX entities.