A Delaware judge has cleared four FTX units to be sold off, including LedgerX and Embed. jackschickler reports.
FTX can sell four key units including derivatives arm LedgerX and stock-clearing platform Embed, a Delaware bankruptcy judge ruled Thursday.
Investment bank Perella Weinberg is now allowed to proceed with the sell-offs, which also includes the crypto exchange’s European and Japanese units, and which have already attracted as many asJudge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an
after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for Embed and Feb. 1 for FTX Europe and Japan.a CoinDesk reportClaims linked to former senior executives and their families will be excluded from the sale, given concerns from the Department of Justice about sales where there have been serious allegations of wrongdoing.
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