FTX’s LedgerX Up for Sale as Restructuring Process Picks Up (2)

LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com and Gemini, according to people familiar with the matter.

The unit, which is registered with the US Commodity Futures Trading Commission as a derivatives exchange, was a cornerstone of Bankman-Fried’s efforts in Washington. It’s also considered one of the most valuable assets associated with FTX after more than 100 other entities filed for bankruptcy.

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange

Photographer: Sarah Silbiger/Bloomberg

New FTX Chief Executive Officer John J. Ray III and restructuring advisers have been poring over the ...