LedgerX, one of the few firms owned by FTX that is still operational, has attracted over ten investors willing to buy it from the bankrupt crypto exchange.

Buyers are lining up to purchase some of FTX’s still solvent companies. According to Bloomberg, LedgerX, one of the few FTX-linked companies still in operation, is for sale and has attracted at least ten potential buyers.

FTX’s new Chief Executive Officer, John J. Ray II and the exchange’s restructuring advisors have been looking through the company’s books in search of cash, crypto and other assets that can be sold to repay its creditors.

It is still being determined how much LedgerX is worth, but a November 17th filing showed that the company had an estimated $303 million in cash.

Top on the list of buyers are notable crypto companies such as Blockchain.com and the Gemini Crypto exchange. LedgerX has also piqued the interest of crypto exchange Bitpanda, commodities trading platform Kalshi and about six other firms in the industry.

(By John P. Njui)