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)

ChainCatcher news, FTX debtors have agreed to sell the derivatives exchange LedgerX to a subsidiary of Miami International Holdings, M7 Holdings, for approximately $50 million. The transaction also requires approval from the U.S. bankruptcy court overseeing the FTX bankruptcy proceedings, with the sale hearing scheduled for May 4.FTX received approval earlier this year to sell business units to raise funds for creditors and also plans to sell three subsidiaries: Embed Financial Technologies, FTX Japan, and FTX Europe. According to a legal document from earlier this year, about 117 parties have expressed interest in purchasing FTX's subsidiaries. (The Block)