November 22, 2024

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FTX units on auction block draws 117 interested buyers: Court filing

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FTX units on auction block draws 117 interested buyers: Court filing

As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed. 

In a Jan. 8 court

In December, FTX sought permission from a U.S. bankruptcy court to sell off the firm’s Japanese and European branches, in addition to the two clearing companies.

The deadline for submitting initial bids for the four firms is set to expire between Jan. 18 and Feb. 1.