Bankrupt crypto firm FTX to sell LedgerX for $50 million

FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. "We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to stakeholders," FTX CEO John Ray said in a statement. Since filing for bankruptcy in November, FTX has recovered over $7.3 billion in cash and liquid crypto assets, the company reported earlier this month.