PLUS: FTX up for sale in Japan and Singapore; Binance busted in Australia; India won’t limit gaming time
The biz has been considering offers to take it private after investor groups became fed up with ongoing scandals that damaged its performance and brand. In July 2022 it
The letter explained the management team had been engaging with all potential partners and providing them with financial, legal, tax and regulatory disclosures, while the special committee supervising the process met almost weekly. "The Debtors believe a number of these entities have solvent balance sheets, independent management and valuable franchises," the petition states, before naming FTX Japan and FTX Singapore among the assets that might be worth something if a buyer can be found.
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