FTX Europe gets a Swiss court's blessing to shop around its business. Who might be interested in acquiring it?
According to bankruptcy cryptocurrency exchange FTX, a court in Switzerland has approved a petition allowing the firm to potentially sell its European business.a Swiss court granted a petition filed by the board of directors for FTX Europe AG regarding a moratorium proceeding.
FTX Europe AG was part of FTX’s Chapter 11 filing in U.S. Bankruptcy Court for the District of Delaware in November 2022. In March, the exchange’s European business allowing customers to submit withdrawal requests for the first time since the business declared bankruptcy.
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