is attracting prospective buyers interested in acquiring four of the company's sub-businesses, with over 100 would-be purchasers expressing interest so far. bankruptcy court
An FTX logo and a representation of cryptocurrencies are seen through broken glass in this illustration taken December 13, 2022. REUTERS/Dado Ruvic/IllustrationThe prospective buyers also have to provide the current management of FTX with preliminary documents to demonstrate their interest before the confidentiality agreements can be signed in advance of the presentations.
LedgerX: 56 parties have expressed interest in the regulated trading platform and 32 have signed confidentiality agreements, while 42 parties have spoken with PWP. FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. - New York judge Gabriel Gorenstein ordered Bankman-Fried be released on $250 million bail while he awaits trial on criminal fraud charges over theThe filing by PWP outlined a proposed bidding process for these FTX business units to be sold via auction.