DCI

FTX to Sell Coinlist a $10 million subsidiary for $500k during bankruptcy proceedings

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According to court filings dated February 9, 2024, FTX Trading Ltd. and its associates have declared their intention to sell Coinlist the subsidiary that they purchased for $10 million for $500,000. The most recent motion, which was submitted to the United States Bankruptcy Court for the District of Delaware, describes the planned sale in detail … Read more

DCI is no longer advantageous to the debtors’ company because they sold Ledgerx and it is doubtful that they will sell or relaunch FTX US.

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According to court records filed on February 9, 2024, FTX Trading Ltd. and its affiliates have declared plans to sell a company it bought for $10 million to Coinlist for $500,000. The planned sale to optimize the estate’s worth for stakeholders and creditors is described in the most recent motion, which was submitted to the … Read more