FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings for US$50 million, the bankrupt crypto exchange said on Tuesday."We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetise assets to deliver recoveries to stakeholders," FTX CEO John Ray said in a statement.
Since filing for bankruptcy in November, FTX has recovered over US$7.3 billion in cash and liquid crypto assets, the company reported earlier this month. It continues to sell assets as part of that effort, recently agreeing to sell its stake in Web3 startup Mysten Labs for US$95 million.
Source: Law Daily Report (lawdailyreport.net)
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