Odaily Planet Daily News: At a hearing held by the Delaware Bankruptcy Court on May 4, Judge John Dorsey approved the FTX debtor's motion in April to sell LedgerX to M7 Holdings, a subsidiary of Miami International Holdings. FTX said at the time of the purchase agreement that the total proceeds from the transaction were approximately US$50 million, and the bankruptcy court has not yet ruled on motions from multiple media outlets requesting it to disclose the identities of certain FTX customers. FTX.US purchased LedgerX in August 2021. At a congressional hearing discussing the collapse of FTX, Rostin Behnam, chairman of the U.S. Commodity and Futures Trading Commission, said that compared with other FTX entities, LedgerX is "healthy," "solvent" and "operable." (Cointelegraph)