Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
LedgerX – one of the companies that remained solvent following the downfall of its parent FTX, is preparing to make millions available for bankruptcy proceedings.
- According to a report by Bloomberg, LedgerX is preparing to make available a considerable $175 million to be used in the bankruptcy proceedings of FTX.
- The money could reportedly be transferred as soon as Wednesday.
- Bloomberg says that it’s part of a $250 million fund that LedgerX had devised for a “bid to get regulatory approval to clear crypto derivatives trades without intermediaries.”
- FTX finalized the acquisition of LedgerX back in October 2021 in what was described as a pivotal moment for the FTX ecosystem.
The post FTX Subsidiary LedgerX to Reportedly Put $175 Million in Bannkruptcy Pot appeared first on CryptoPotato.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.