Bankrupt cryptocurrency exchange FTX has just announced a new auction date (April 4) for the sale of crypto derivatives platform LedgerX.
An attorney for the company has reportedly filed a notice in the US Bankruptcy Court for the District of Delaware. According to the documents, the auction will take place at the offices of Sullivan & Cromwell. The hearings on the sale will begin on April 12.
The auction was originally scheduled for March 7 and then moved to March 22.
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In the summer of 2021, FTX's US division announced it intended to open up access to crypto derivatives trading for its clients. Later, the structure acquired LedgerX.
In November last year, FTX Trading, Alameda Research and more than 130 other affiliates filed for bankruptcy, however, LedgerX LLC was not included in this list.
In December, Bloomberg reported the cryptocurrency derivatives exchange was up for sale. According to the agency, about 10 companies showed interest in the purchase.