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FTX Businesses Including LedgerX Draw Interest From Over 100 Potential Buyers

Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. 

The crypto giant filed for bankruptcy protection in November after a run on its native utility token. FTX’s bankruptcy filing included more than 100 entities, and the firm could owe $3.1 billion to its top 50 creditors. 

Lawyers representing the FTX debtors in the bankruptcy process have prioritized selling four businesses that include Embed, LedgerX, FTX Japan and FTX Europe. 

The four entities are relatively independent from FTX, attorney Kevin Cofsky said in a legal filing on Sunday, and their value may decrease during the bankruptcy case if they are not sold. Cofsky is a partner at Perella Weinberg Partner, the investment bank representing FTX US and affiliated companies that have filed for bankruptcy protection. 

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