Delaware Judge Approves Sale of FTX's Four Units, Including LedgerX

Delaware Judge John Dorsey has approved the sale of FTX's four units, including derivatives arm LedgerX, stock-clearing platform Embed, FTX Europe and FTX Japan.

The sale announcement will be made in about three business days, with FTX receiving letters of intent for Embed on Jan. 18 and for FTX Europe and FTX Japan on Feb. 1.