FTX can sell four key units including derivatives arm LedgerX and stock-clearing platform Embed, a Delaware bankruptcy judge ruled Thursday.
Investment bank Perella Weinberg is now allowed to proceed with the sell-offs, which also includes the crypto exchange’s European and Japanese units, and which have already attracted as many as 117 expressions of interest.
Judge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an order dated Thursday after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for Embed and Feb. 1 for FTX Europe and Japan.
(By Jack Schickler)
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