Did FTX sell ledgerx?

At a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge John Dorsey signed off on FTX's sale of LedgerX, its non-bankrupt crypto derivatives trading platform, to an affiliate ofMiami International Holdings.

Will FTX sell its assets to repay creditors?

A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-regulated derivatives exchange LedgerX LLC, the equities-trading platform Embed Technologies, FTX Japan Holdings, and FTX Europe.

What happened to FTX after bankruptcy?

Since filing for bankruptcy in November, FTX hasrecovered more than $7.3 billion in cash and liquid crypto assets, the company reported in April. As part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the bankrupt lending arm of crypto firm Genesis.

Does Genesis owe FTX money before bankruptcy?

FTX said in a court filing thatGenesis owes it that money as a result of transactions that took place shortly before FTX's bankruptcy filing. Under U.S. bankruptcy law, debtors can try to claw back payments made in the 90 days before a bankruptcy filing so that those funds can be more equitably distributed among creditors.