FTX has been given approval to sell its business units to raise liquidity to pay creditors.
The court’s decision will allow the attracted investment bank Perella Weinberg to conduct auctions. In the future, the court will issue permission for each potential transaction.
According to court documents, the applications will be accepted from January 18 to February 1.
The platform has previously reported that 117 entities are reportedly interested in LedgerX, Embed, FTX Japan, FTX Europe, and other companies within the FTX Group.
The DoJ responsible for bankruptcy cases has previously filed a protest against the sale of a debtor’s valuable assets in the presence of allegations of serious wrongdoing.
