M7 Holdings' acquisition of LedgerX, a subsidiary of FTX, has been approved by the court

ChainCatcher news, at a hearing held on May 4 in the U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey approved the FTX debtors' motion to sell LedgerX to Miami International Holdings subsidiary M7 Holdings, which was proposed in April. FTX stated that the total proceeds from the transaction are approximately $50 million, and the bankruptcy court has yet to rule on several media requests to disclose the identities of certain FTX customers. (source link)