Bloomberg: LedgerX, a unit of FTX, will provide $175 million for FTX's bankruptcy proceedings

BlockBeats: LedgerX (FTX US Derivatives) is preparing to provide $175 million for FTX's bankruptcy proceedings from a $250 million fund LedgerX has set aside, Bloomberg reported on Nov. 30, citing sources familiar with the matter. The fund aims to win regulatory approval to clear cryptocurrency derivatives trades without intermediaries. LedgerX is known to be one of the few remaining solvent companies after the collapse of FTX Group. The CFTC commissioner previously confirmed that LedgerX was not on the list of bankrupt FTX subsidiaries.