LedgerX

Insiders from the cryptocurrency exchange FTX (CRYPTO: FTT) revealed that prior to its downfall, certain U.S.-based staff members identified a concealed mechanism. This mechanism, allegedly linked to Alameda Research, permitted the unauthorized withdrawal of billions in customer funds. Despite...

Cryptocurrency exchange FTX (CRYPTO: FTT) has agreed to sell its crypto-derivatives platform, LedgerX, to the owner of Miami International Securities Exchange (MIAX) for about $50 million. The sale of LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s former empire, will give...

According to a court filing on Tuesday, a Delaware bankruptcy judge has given the go-ahead for Abu Dhabi's investment arm to acquire FTX's assets in Sequoia Capital Fund for $45 million. The sale to Al Nawwar Investments RSC Limited satisfies the restrictions set by U.S. bankruptcy law,...

The group of professionals assigned to the FTX bankruptcy case billed a total of $38 million plus expenses for their services in January. The bankruptcy administrators have hired the law firm Sullivan & Cromwell as their primary counsel, along with Quinn Emanuel Urquhart & Sullivan and...

Former FTX US President Brett Harrison has revealed that his relationship with the exchange’s embattled founder Sam Bankman-Fried had reached a point of total deterioration. Harrison says that it was not worth continuing working for the company no matter the prestige or upside...

FTX’s new leadership has requested federal bankruptcy judge approval to begin selling off four of its businesses including LedgerX, by the early months of 2023.  What Happened: Lawyers for FTX (CRYPTO: FTT) filed a motion to initiate an auction process for digital currency...

LedgerX, a subsidiary of FTX Group that also had to seek bankruptcy protection due to its parent company's collapse, will make available $175 million for use in the Chapter 11 proceedings for the crippled cryptocurrency exchange and its other firms. A $250 million fund was set aside by LedgerX...

One would think that a deep passion for something as nuanced as blockchain and cryptocurrency would be requisite for success in such space. That’s not really the case, according to Sam Bankman-Fried, the 29-year-old billionaire co-founder of FTX and Alameda Research. Bankman-Fried’...