The Date for FTX’s Auction of LedgerX Has Been Changed for the Third Time

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Last Updated on March 19, 2023 by Bitfinsider

On April 4, FTX will hold an auction for its derivatives market LedgerX.

On March 18, FTX’s counsel submitted a notice of revised dates in the United States Bankruptcy Court for the District of Delaware.

The auction will now take place on April 4 at the offices of Sullivan & Cromwell, with a sale hearing on April 12, according to the document. The successful bidder should be notified within one working day of the auction’s conclusion.

According to court filings, the auction was originally set for March 7 but was moved to March 22. There was no explanation given for the most recent date change.

Early this year, FTX received approval to sell business units in order to generate funds for creditors. It is also interested in selling Embed Financial Technologies, FTX Japan, and FTX Europe. According to a court filing made at the beginning of this year, approximately 117 parties have expressed interest in purchasing FTX entities.

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