LedgerX LLC Has Not Filed For Bankruptcy

There was an erroneous inclusion of “FTX US Derivatives LLC” in the listing entities that may file for bankruptcy in the future, and the court filing recognizes Ledger X as a non-Debtor. LedgerX LLC has not filed for bankruptcy and has stopped using the dba “FTX US Derivatives”.

Zach Dexter, CEO of Ledger CLL, a subsidiary of FTX US offering derivatives has released an announcement for the company on Twitter that LedgerX LLC changed its name to LedgerX, and the is no bankruptcy case being initiated for the name “FTX US Derivatives LLC“.

He confirms customer assets are separate and apart from any other FTX entity, and LedgerX accounts are not a part of the FTX bankruptcy. Beside that, the new CEO of FTX confirmed LedgerX has the ability to pay all the money that is owed to users.

Today’s court filing also confirms that: FTX has no access to LedgerX‘s digital assets but only LedgerX

As for the operation of LedgerX

• All customers are fully collateralized and guaranteed by the LedgerX clearinghouse.
• 100% of employees remain to ensure the safety and integrity of the markets.
• The company continues to operate as a federally regulated exchange and clearinghouse under the close scrutiny of its federal regulator.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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