FTX asks court permission to sell off four businesses, includi | https://t.me/CryptoMarketUpdates

FTX asks court permission to sell off four businesses, including LedgerX

FTX's brand is so toxic it wants to jettison subsidiaries before they lose value by association. The company's new leadership asked a federal bankruptcy judge for permission to sell off parts of the failed crypto empire’s business early next year.

FTX acquired last year, was believed to be one of the few parts of the corporate family that remained liquid as parent company FTX and its closely linked investment fund Alameda Research hemorrhaged money. Lawyers for the company argue that the other affiliates they want to sell off could continue to lose staff and their good standing with regulators the longer they remain tied to the parent company.

Source

https://t.me/CryptoMarketUpdates