Bankrupt cryptocurrency exchange FTX is considering selling its subsidiaries. crypto
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.
Based on our review over the past week, we are pleased to learn that many regulated or licensed subsidiaries of FTX, within and outside of the United States, have solvent balance sheets, responsible management, and valuable franchises. The executive added that he has instructed the team at FTX “to prioritize the preservation of franchise value as best we can in these difficult circumstances.”
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