FTX located $5 billion in cash and liquid crypto, a lawyer told a bankruptcy court judge.
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FTX subsidiaries on auction block including LedgerX attract 117 interested buyersThere is plenty of interest for FTX subsidiaries Embed, LedgerX, FTX Japan, and FTX Europe which will go up for auction later this month.
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FTX units on auction block draw 117 interested buyers: Court filingFTX may have collapsed, but its subsidiaries seem to be up for grabs. There are at least 117 parties interested in buying the leftovers, including FTX Japan, FTX Europe, and more.
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FTX businesses including LedgerX draw interest from over 100 potential buyersThe FTX debtors entered into confidentiality agreements with 59 parties interested in buying businesses including LedgerX and Embed.
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Coinbase stock leaps more than 15% as analysts say it can benefit from FTX's demise“We expect $COIN to regain a portion of its share losses from the past 2+ years, but still see a steep climb to Street estimates in FY25,” Jefferies analysts said. Coinbase stock has fallen 83% over the past 12 months:
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Cryptocurrency world continuing to feel effects from collapse of FTX, arrest of founderProsecutors say more than 1 million investors lost over $8 billion through the collapse of cryptocurrency FTX and disgraced founder Sam Bankman-Fried.
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FTX Co-Founder's Alleged Extravagance Comes to Light in Bankruptcy Court Documents – Bitcoin NewsDelaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on hotels, food, and flights.
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