FTX finds buyers for its subsidiaries

Over the past few days, new details have emerged regarding the collapse of FTX and further circumstances in which the former head of the American cryptocurrency exchange is located. Recall that Sam Bankman-Fried received permission to leave prison on $250,000,000 bail and wait for the next court hearing while at his parents' home.

Judge Lewis Kaplan for the Southern District of New York was approached by several prominent publications to comment on the bail bondsmen who helped SBF bail. Among such publications were Bloomberg, Financial Times, Insider, Reuters, Wall Street Journal, Washington Post, CNBC and Associated Press. It should be noted that the law firm Davis Wright Tremaine is behind the interest of the publications.

The court gave FTX permission to find buyers for its subsidiaries, which included FTX Japan, FTX Europe, Embed, LedgerX and others. Now 117 organizations are set to receive a share of the bankrupt exchange. Sam Bankman-Fried is hoping that FTX will be able to realize their sale in order to cover the loan obligations.

At the time of writing, 56 potential new owners have expressed their interest in buying LedgerX. 50 companies claim the right to own Embed. Smaller numbers were seen in FTX Japan and FTX Europe. In the first case, there are 41 potential buyers, and in the second case, there are 40.

At the same time, the US Department of Justice is opposed to the sale of FTX's assets. An ongoing fraud case against executives of the bankrupt company was cited as the reason. According to FTX, the property that was involved in the litigation and is under suspicion will not be sold.

It also recently became known that the restructuring team behind Sam Bankman-Fried's second company, Alameda Research, lost more than $70,000, equivalent to 4.05 aWBTC. They closed their position on the Aave DeFi site and used a “wrapped” version of BTC for their position, which is only used on Aave.