LedgerX is preparing to provide $175 million for FTX's bankruptcy proceedings

ChainCatcher news, according to Bloomberg, LedgerX (i.e., FTX US Derivatives) is preparing to provide $175 million for FTX's bankruptcy proceedings. The funds come from LedgerX's reserved $250 million fund and may be transferred as early as Wednesday to cover investor losses.

It is reported that LedgerX is one of the few companies that remain solvent after the collapse of the FTX group. (Source link)