FTX has revised the auction date for LedgerX, one of its group companies.
The collapse of the FTX cryptocurrency exchange, one of the biggest events of 2022, deeply affected the entire crypto money industry. Along with this came a significant decrease in prices.
The Auction Date of LedgerX, FTX’s Derivatives Exchange, Has Changed for the Third Time
FTX will auction its derivatives exchange LedgerX to bidders on April 4. FTX attorney filed notice of the revised dates in the U.S. Bankruptcy Court for the District of Delaware on March 18.
The filing said the auction will take place at the Sullivan & Cromwell offices on April 4 and a sales hearing will take place on April 12. Notification of the successful bidder must be made within one business day of the conclusion of the auction.
The auction, which was previously scheduled for March 7, was later revised to March 22, according to court filings. No reason was given for the last revision.
FTX received approval earlier this year to sell its business units to raise money for creditors. It also wants to sell Embed Financial Technologies, FTX Japan and FTX Europe. According to legal filings filed earlier this year, about 117 parties were interested in purchasing FTX’s assets.
The US operation of the exchange had acquired LedgerX in October 2021 and rebranded it as FTX.US Derivatives.
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