(Bloomberg) — Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers begin...
Tag: LedgerX
FTX Cleared to Sell LedgerX, Other Assets to Repay Creditors
A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-reg...
Judge Rules for FTX to Sell LedgerX, Other Units as Hundreds of Buyers Express Their Interest
Interested buyers may officially begin to indicate their interests between January 18 and February 1. Bankruptcy judge John Dorsey has cleared FTX to sell four of its key units in its bid to raise fun...
FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge
In formal terms, the judicial decision allows bids, an auction, and a sales hearing to take place, with permission for any actual transaction to come later. Judge John Dorsey of the Delaware Bankruptc...
FTX allowed by bankruptcy judge to sell LedgerX, other assets
The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. Accordin...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
FTX Faces Uphill Task To Sell LedgerX, Other Businesses
Andrew Vara, the US bankruptcy trustee in FTX’s case, on Saturday filed an objection to the bankrupt company’s plans to sell four of its businesses, arguing FTX has provided “very little information” ...
FTX Declines Disclosure to Sell LedgerX and Other Businesses
As the FTX investigation is still ongoing, several unexpected incidents have been discovered. In today’s news, Andrew Vara, the US bankruptcy trustee in FTX’s case, disclosed that the beleaguered exch...
FTX businesses including LedgerX draw interest from over 100 potential buyers
Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
US trustee objects to FTX’s planned sale of LedgerX and other units: Reuters
A U.S. trustee filed an objection to FTX’s plan to sell the company’s LedgerX as well as FTX units in Europe and Japan. FTX filed for bankruptcy protection in November, amid mountin...
FTX Seeks Court Approval to Sell LedgerX Including Three Other Subsidiaries
Millions lost funds in FTX Collapse. FTX is waiting for court approval to sell off its major subsidiaries. FTX, once one of the largest cryptocurrency exchanges, filed fo...
What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds
It has been a long week for the FTX empire as its founder Sam Bankman-Fried was imprisoned in the Bahamas and set to face trial in the United States for money laundering and wired fraud charges from t...
FTX looking to sell several subsidiaries, including FTX Japan and LedgerX
FTX to sell multiple subsidiaries in a bidding war. This move would help ease the firm’s debts. Bankrupt exchange FTX is seeking the sale of several of its subsidiaries amid its bankruptcy proceedings...
FTX Wants to Sell LedgerX, Japan and Europe Platforms — Fast
As FTX enters its second month of bankruptcy, its new stewards are eager to sell four affiliated businesses — including its Japanese and European subsidiaries. In a Thursday petition filed in Delaware...
FTX’s LedgerX Up for Sale as Restructuring Process Picks Up
(Bloomberg) — 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 Blockchain.com a...
FTX US Acquired LedgerX is UP for Sale, Find Here The Details
According to the report, FTX US acquired LedgerX is all-set for sale. The firm is one of few solvent pieces of FTX, and as per the report there are at least 10-firms which have shown interest in buyin...
LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg
Crypto derivatives exchange and clearinghouse LedgerX is for sale, with Blockchain.com and Gemini among those interested in acquiring the firm, Bloomberg reported late Friday. LedgerX is regulat...
The Chairman Of CFTC-Regulated LedgerX As Success Story Amid FTX Collapse
The Joe Biden government is preparing a draft to regulate crypto assets. According to the CFTC chairman LedgerX was the best entity compared to other FTX entities. LedgerX held more cash than other FT...
LedgerX transferred $175 million to bankrupt FTX US
LedgerX, a division of the bankrupt cryptocurrency exchange FTX, is reportedly getting ready to contribute $175 million to the bankruptcy proceedings of its parent company. Company may release funds o...
LedgerX Preparing $175M Transfer to Bankrupt FTX: Report
FTX-owned derivatives trading platform LedgerX is reportedly preparing $175 million to be used in its parent firm’s bankruptcy proceedings. The platform, which operated as a subsidiary of FTX.US, prov...
FTX Subsidiary LedgerX to Reportedly Put $175 Million in Bannkruptcy Pot
LedgerX – one of the companies that remained solvent following the downfall of its parent FTX, is preparing to make millions available for bankruptcy proceedings. According to a report by Bloomberg, L...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
Regulators Have Feet on the Ground at LedgerX- Commissioner CFTC
FTX US acquired LedgerX in the second quarter of 2021. The CFTC has enforced digital assets cases involving frauds, Ponzi Schemes, Pump and Dump schemes. The Commodity Futures Trading Commission Com...
CFTC Has ‘Boots on the Ground’ at FTX Subsidiary LedgerX
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LedgerX DEX – The Worlds Most Advanced Decentralized Exchange Is Now Live » NullTX
NuGenisis, the world’s leading provider of blockchain technology and Meta hardware, has launched its much-anticipated Ledgerx.exchange. The new exchange is able to transact at over 100000 transactions...
FTX US Derivatives Names Former LedgerX Chairman Larry Thompson as Board Chair
Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha...