Crypto News- FTX Greenlighted to Sell Subsidiaries #crypto #bitcoin #cryptocurrency #blockchain

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The Bankruptcy Court of Delaware has approved bidding procedures for four of FTX’s independent solvent subsidiaries in an attempt to generate money to repay the creditors.
In Thursday’s hearing, Judge John Dorsey, currently overseeing FTX’s liquidation, cleared the troubled exchange’s motion to sell four key units – derivatives arm LedgerX, stock-clearing platform Embed, FTX Japan, and FTX Europe. For the uninitiated, FTX Japan and FTX Europe were subject to license and business suspensions in December last year.
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