(Reuters) – Bankrupt crypto exchange FTX plans to sell its digital currency futures and clearinghouse LedgerX, its Japanese and European units, will be challenged by a U.S. trustee on Saturday This was revealed in court filings.
FTX filed for bankruptcy protection in November and last month announced plans to sell the businesses of LedgerX, Embed, FTX Japan and FTX Europe. On Tuesday, FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges that he defrauded investors and caused billions of dollars in losses.
A filing by US trustee Andrew Vara called for an independent investigation before the sale of the unit, alleging the company may have information related to FTX’s bankruptcy.
“The sale of any potentially valuable cause of action against a debtor’s directors, officers, employees, or other persons or entities shall be subject to a full and independent investigation into all persons and entities that may have been involved. No fraud, negligence, or other viable conduct should be allowed, Files said.
FTX said in a court filing last month that the companies it plans to sell are relatively independent from the broader FTX group, each with their own segregated customer accounts and separate management teams. said.
Reported by Anirudh Saligrama, Bengaluru Edited by Matthew Lewis
Our criteria: Thomson Reuters Trust Principles.