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117 Parties Have Expressed an Interest in Purchasing One or More FTX Subsidiaries

117 Parties Have Expressed an Interest in Purchasing One or More FTX Subsidiaries

A total of 117 parties have expressed interest in purchasing one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed, according to court filings.

The court filing was filed January 8 by Kevin Cofsky, a partner at Perella Weinberg, the investment bank that represents US FTX and its affiliated companies.

He added that debtors had signed 59 nondisclosure agreements with potential partners who had expressed interest in one or more companies.

Also read: User Funds Stolen at FTX Will be Investigated by the US Fed

While no definitive agreement has been made, the parties can now access information to facilitate due diligence, such as details regarding the business unit’s operations, finances, and technology.

The businesses up for sale are Embed, LedgerX, FTX Japan and FTX Europe, according to lawyers representing FTX’s debtors.

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