• 117 parties have expressed interest in buying units of FTX, a crypto company under bankruptcy protection.
• The U.S. Trustee has ordered FTX to prioritize the sale of LedgerX, FTX Japan, FTX Europe, and Embed.
• Perella Weinberg, an investment bank hired by FTX Group, has entered into 59 confidentiality agreements.

FTX, a crypto company that has recently filed for bankruptcy, has attracted a great deal of attention from potential buyers. According to a legal filing posted on Sunday, around 117 parties have expressed an interest in buying units of FTX. In order to ensure a speedy sale, the U.S. Trustee has ordered FTX to prioritize the sale of LedgerX, FTX Japan, FTX Europe, and stock-clearing platform Embed.

In order to facilitate the sale, FTX Group has hired Perella Weinberg, an investment banking firm, to represent them. Perella Weinberg has already entered into 59 confidentiality agreements with interested buyers. LedgerX, a derivatives arm of FTX US and one of the few companies in the empire to remain solvent, has received 56 expressions of interest.

The U.S. Trustee has also issued a deadline for initial bids, giving potential buyers a limited amount of time to make their intentions known. The estate has argued that selling the companies quickly is essential, since they may lose value if not sold promptly. FTX Group is currently in the process of evaluating the offers, and it is expected that the sale of the companies will be finalized soon.

The future of FTX is uncertain, and it is unclear how the bankruptcy case will play out. However, it is clear that the company has attracted a great deal of interest from potential buyers, and it remains to be seen how the sale of the various companies will affect the crypto industry as a whole. Regardless of the outcome, this case will certainly be closely watched by the crypto community in the months to come.