May 5 (Cointime) - Today, Zach Dexter, CEO of the cryptocurrency derivatives trading platform LedgerX, announced that the U.S. Bankruptcy Court in Delaware has granted a motion permitting the sale of non-Debtor LedgerX to a subsidiary of Miami International Holdings, Inc. The purchase agreement was executed in late April.
Cointime reported in April that M7 Holdings, the affiliate of Miami International Holdings is paying $50 million for the platform, which is at a massive discount. FTX.US snapped up LedgerX back in August 2021 for nearly $300 million.
Very pleased to announce that today, the U.S. Bankruptcy Court in Delaware granted a motion permitting the sale of non-Debtor LedgerX LLC to a subsidiary of Miami International Holdings, Inc.
— Zach Dexter (@zachdex) May 4, 2023
The purchase agreement was executed in late April: https://t.co/dOJDMs1rjy
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