41 parties globally had expressed in purchasing FTX Japan, and 40 were for FTX Europe.
The FTX Group of companies undergoing bankruptcy proceedings extended the preliminary bid deadline for its Japan and Europe affiliates as administrators scramble to raise funds to help pay back creditors., the court filing said the new deadline has been set for March 8, while the auction date has been moved to April 26.
The development comes two weeks after Judge John Dorsey, currently overseeing FTX’s liquidation, approved the group’s motion to sell four units – derivatives arm LedgerX, stock-clearing platform Embed, FTX Japan, and FTX Europe.The Japanese business has reportedly segregated client funds and will initiate the return of assets to customers in February.
As per Japan’s Financial Services Agency’s statement, the unit will lose its licenses even if its owner changes. Kevin Cofsky, a partner at Perella Weinberg, the investment bank representing FTX US and affiliated firms, stated in a court that nearly 117 parties, including different financial and strategic counterparties across the world, had expressed interest in purchasing one or more of FTX’s businesses.FTX co-founder and former chief executive Sam Bankman-Fried is facing a litany ofThe group, which slid into bankruptcy last year, had around $1.4 billion in cash as of the end of 2022, according to an interim financial
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
FTX sues Voyager Digital to recover $446 million in loan repaymentsBankrupt FTX sues Voyager Digital to recover $446 million in loan repayments it made to the crypto lender
Les mer »
Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX CollapseKazakhstan's financial regulator AFSA has proposed new measures for regulated crypto exchanges targeting the segregation of customer assets and risk mitigation after the collapse of FTX. iamsandali reports.
Les mer »
US Senators Press Crypto Bank Silvergate on Ties to FTX: BloombergA bipartisan group of U.S. senators is pushing Silvergate Capital to provide more details about what it knew about FTX’s alleged misuse of customer funds, according to Bloomberg. By NelWang
Les mer »
US lawmakers renew request for answers from Silvergate on FTX: ReportSenators Elizabeth Warren, Roger Marshall and John Kennedy said Silvergate had not fully answered questions about its alleged role in handling FTX user funds.
Les mer »
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin NewsFTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy process.
Les mer »
How a Tiny Bank in a Washington Farming Town Got Tangled Up With FTXWhen a one-time TV and film producer’s company bought Farmington State Bank, it got a name change and a new shareholder: Sam Bankman-Fried’s Alameda Research
Les mer »