About 117 potential buyers are interested in acquiring divisions of bankrupt crypto exchange FTX, court documents show.
According to the release, the debtor prioritizes the sale of LedgerX, FTX Japan, FTX Europe and exchange clearing platform Embed.
Kevin Cofsky, a partner at investment bank Perella Weinberg, representing the exchange's interests, has said the reasons for this approach include the relative independence of these businesses, their potentially high value and the risk of losing it over time, the costs of supporting the businesses' activities and the significant customer interest.
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According to him:
"Approximately 117 parties, including various financial and strategic counterparties globally, have expressed interest to the bebtors in a potential purchase of one or more of the businesses."
According to him, 59 relevant confidentiality agreements have already been concluded.
Notably, there are 56 parties bidding for derivatives platform LedgerX, Embed has 50 potential buyers and FTX Japan and FTX Europe have 41 and 40 each, respectively.