TechFlow news — at least one potential buyer has contacted FTX Japan through an investment bank regarding an acquisition attempt. FTX Japan holds 19.6 billion yen (140 million USD) in cash and deposits, along with approximately 10 billion yen in equity. It holds crypto assets for over 100,000 customers, with assets exceeding liabilities.
Previously reported, on November 19, FTX announced it would begin a strategic review of its global assets as part of its bankruptcy process to maximize recoverable value. The FTX debtors have engaged Perella Weinberg Partners LP as the lead investment bank and have begun preparing for the sale or restructuring of certain businesses.Source link
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