FTX will auction LedgerX derivatives to bidders on April 4, according to FTX advisers filing a revised date March 18 in the US Bankruptcy Court for the District of Delaware.
The auction will take place on April 4 at Sullivan & Cromwell’s offices and a review of the sale will take place on April 12. Notification of the winning bidder should occur within one business day of the end of the auction.
previous auctionpredeterminedOn March 7th, thereaftercorrectIt’s March 22, according to documents filed with the court. without specifying the reason for the latest date revision.
FTX received approval early in the year to sell other businesses to raise money for creditors. It also wants to sell Embed Financial Technologies, FTX Japan and FTX Europe, about 117 of whom have expressed interest in acquiring FTX, according to legal filings earlier this year.
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