{"id":582079,"date":"2023-05-04T23:32:20","date_gmt":"2023-05-04T22:32:20","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582079"},"modified":"2023-05-04T23:32:29","modified_gmt":"2023-05-04T22:32:29","slug":"ftx-bankruptcy-court-allow-ledgerx-sale","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ftx-bankruptcy-court-allow-ledgerx-sale\/","title":{"rendered":"FTX Gets Bankruptcy Court\u2019s Approval To Sell LedgerX For $50 Million"},"content":{"rendered":"\n
The U.S. Bankruptcy Court for the District of Delaware has approved the sale of FTX\u2019s non-bankrupt crypto derivatives exchange LedgerX. The bankruptcy court\u2019s approval comes less than two weeks after the defunct crypto exchange announced that it had reached an agreement with an affiliate of Miami International Holdings to sell LedgerX in a multi-million dollar deal. <\/p>\n\n\n\n
The bankruptcy hearing for the proposed sale was streamed live on Youtube<\/a> earlier today. Bankruptcy Judge John Dorsey gave FTX the green light to sell its LedgerX business to M7 Holdings LLC for $50 million. The buyer is an affiliate of Miami International Holdings, which owns and operates several exchanges, including the Bermuda Stock Exchange and the Miami International Securities Exchange.\u00a0<\/p>\n\n\n\n