117 Parties Show Interest in Purchasing FTX Assets

As the deadline for opening offers approaches, 117 parties have shown interest in purchasing FTX units, according to a legal file issued Sunday.

While the crypto company’s bankruptcy process might go on for years, the estate has prioritized the sale of LedgerX, FTX Japan, FTX Europe, and stock-clearing platform Embed, claiming they are the simplest to separate and risk losing value if not sold immediately.

Approximately 117 parties, including various financial and strategic counterparties globally, had expressed interest to the debtors [FTX] in a potential purchase of one or more of the businesses, according to a legal declaration signed by Kevin Cofsky, a partner at Perella Weinberg, the investment bank hired by FTX Group to represent the defunct cryptocurrency company.

So far, FTX has signed 59 confidentiality agreements, according to Cofsky. LedgerX, a derivatives arm of FTX US and one of the empire’s few remaining enterprises, tops the pack with 56 expressions of interest.
The four organizations’ first proposal deadlines are expected to expire between January 18 and February 1.