Bloomberg Law
Dec. 15, 2022, 10:42 PM

FTX Moves to Sell LedgerX, Foreign Businesses in Bankruptcy

James Nani
James Nani

FTX Trading has moved to put several of its businesses on the auction block, including LedgerX, its Japanese and Singaporean cryptocurrency exchanges, and its European digital assets and derivatives business.

While there’s been “significant interest” by third parties in the businesses, US and foreign regulatory pressures has forced many of them to suspend operations, FTX Trading said in papers filed with the Delaware bankruptcy court on Thursday.

“The longer operations are suspended, the greater the risk to the value of the assets and the risk of a permanent revocation of licenses,” the FTX filing said.

Final bid deadlines are tentatively ...