FTX Sells LedgerX to Miami Exchange Owner for $50 Million; CEO of FTX vows to monetize assets to del

Discussion in 'Crypto Assets' started by ETJ, Apr 27, 2023.

  1. ETJ

    ETJ

    FTX Sells LedgerX to Miami Exchange Owner for $50 Million; CEO of FTX vows to monetize assets to deliver recoveries; Deal subject to bankruptcy court approval in May hearing
    Yueqi Yang and Katherine Doherty - Bloomberg
    FTX has agreed to sell LedgerX, its crypto-derivatives platform, to the owner of Miami International Securities Exchange for about $50 million. LedgerX was one of the few solvent pieces of Sam Bankman-Fried's former empire. The deal would give the exchange, known as MIAX and owned by Miami International Holdings Inc., a registered platform to expand its presence in the crypto industry.
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