According to Bloomberg, LedgerX, acknowledged as FTX US Derivatives, is preparing $175M for FTX’s bankruptcy proceedings and repayment to creditors. The money, which could be transferred as soon as Wednesday, is drawn from a $250M fund that LedgerX had set aside for a bid to get regulatory approval to clear crypto derivatives trades without intermediaries. LedgerX remains one of the few solvent entities of the ruined FTX conglomerate.
Bloomberg: LedgerX Prepares $175M for FTX’s Bankruptcy Proceedings and Repayment to Creditors
