News Explorer — FTX Sells LedgerX to M7 Holdings for $50 Million

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Apr 25, 10:06 pm

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FTX Sells LedgerX to M7 Holdings for $50 Million

FTX bankruptcy lawyers agreed to sell LedgerX, a derivatives trading platform owned by FTX, to M7 Holdings for $50 million. A sale hearing is scheduled for May 4, 2023, to review and approve the sale. The agreement is an example of FTX's efforts to monetize assets and deliver recoveries to stakeholders.

FTX bankruptcy lawyers agreed to sell LedgerX, a derivatives trading platform owned by FTX, to M7 Holdings for $50 million. A sale hearing is scheduled for May 4, 2023, to review and approve the sale. The agreement is an example of FTX's efforts to monetize assets and deliver recoveries to stakeholders.

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