Was ledgerx excluded from FTX's bankruptcy filing?

In FTX’s bankruptcy filing on Friday, LedgerX was one of the companies excluded from the filing, Johnson stressed (although the filing did include FTX US Derivatives, alongside several other companies that aren’t even tied to FTX).

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.

How many FTX companies are in bankruptcy?

The statement said there are approximately 130 affiliated companies in the FTX Group entering bankruptcy proceedings. But FTX Digital Markets Ltd., FTX Australia Pty Ltd., FTX Express Pay Ltd. and LedgerX LLC are not affected by the bankruptcy, according to the company statement. The bankruptcy was filed in Delaware.

Is FTX bankruptcy a precedent for crypto?

In addition to the FTX bankruptcy filing, other pending bankruptcy cases feature crypto exchanges Voyager Digital and Celsius Network; crypto hedge fund Three Arrows Capital is also tied up in bankruptcy proceedings. Meanwhile, any case law on crypto bankruptcy cases abroad doesn’t set precedents here.