FTX to Sell LedgerX Exchange for $50 Million Amid Bankruptcy Recovery

FTX finally closed a deal to sell its derivatives subsidiary, LedgerX, for $50 Million to Miami International Holdings.

in funds were recovered. The new FTX administration is doing everything possible to secure as much money as possible in order to repay creditors. This sale is just one of a series of deals that FTX has been able to conclude.

Since then, FTX had received at least 117 offers from various interested bidders to purchase the exchange’s assets. However, until now, no formal agreement had been reached with any party that met the company’s needs.to MIAX, the purchase agreement will allow the company to take control of all membership interests issued and pending by LedgerX, LLC of Ledger Holdings, Inc. “and certain of its affiliated entities, pursuant to which LHI is a party.

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