According to Foresight News, FTX issued a clarification announcement for "companies that have not yet initiated bankruptcy protection procedures in the United States", stating that FTX Group and approximately 135 other affiliated companies have initiated voluntary bankruptcy procedures under Chapter 11 of U.S. law, and certain subsidiaries have not been Included in the bankruptcy protection proceedings are LedgerX LLC, FTX Digital Markets, FTX Australia Pty Ltd and FTX Digital Markets Ltd, FTX Australia Pty Ltd and FTX Express Pay Ltd.
Additionally, although not noted in earlier announcements, the following entities were also excluded from the bankruptcy proceedings: FTX Capital Markets LLC, Embed Financial Technologies Inc and Embed Clearing LLC. The FTX Group excludes Bitvo Inc. and BTC Africa S.A. and their respective subsidiaries.
