ftx bankruptcy

FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4

by

FTX has reached an agreement to sell its crypto derivatives platform LedgerX to an affiliate of Miami International Holdings for $50 million (roughly Rs. 400 crore), the bankrupt crypto exchange said on Tuesday. FTX will seek US bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement … Read more

FTX Transferred $2.2 Billion to Sam Bankman-Fried via Alameda Research and Related Entities, New Managers Say

by

Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 billion (roughly Rs. 26,560 crore) was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday. … Read more