TechFlow news, according to Cointelegraph, at a hearing held on May 4 in the U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey approved FTX's debtors' motion filed in April to sell LedgerX to M7 Holdings, a subsidiary of Miami International Holdings. When announcing the purchase agreement, FTX stated that the total proceeds from the transaction would be approximately $50 million. The bankruptcy court has not yet ruled on motions by multiple media outlets seeking disclosure of certain FTX customer identities.
FTX.US acquired LedgerX in August 2021. During a congressional hearing discussing the collapse of FTX, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam stated that compared to other FTX entities, LedgerX was "healthy," "solvent," and "operational."
Earlier on April 26, it was reported that FTX debtors agreed to sell LedgerX for approximately $50 million.
