FTX’s Custody Unit Sold for 95% Less Than It Paid Months Before Collapse

Date:

Share post:



FTX's Custody Unit Sold for 95% Less Than It Paid Months Before Collapse

DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never integrated into either operation. Following the sale of LedgerX – and after FTX said it wouldn’t restart or sell its exchange – DCI had “relatively few operations,” according to the court filing. Still, DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota, according to the filing.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

A Guide to Exploring the Outdoors of Northern Norway

Ask us to name our favorite place on Earth...

Euroclear Sues in Brussels to Block Moscow Court Ruling on $232 Billion in Russian Assets

Key TakeawaysEuroclear sued to void a Russian asset ruling, exposing global clearing risks as Brussels next decides.Russia...

11 Things to do in Cape Town this July 2026

Thinking of taking a trip to Cape Town? There’s no need to wait for Summer, the city...

USDC And Bitcoin Lead $850 Million Exchange Outflow Wave

Crypto exchange balances saw a notable withdrawal wave heading into July 1, with USDC and Bitcoin leading...