The Ledger connector vulnerability put the entire DeFi ecosystem at risk, with market experts asking users to remain cautious of using DApps even after Ledger released a patch.
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LedgerX News
LedgerX is a Swap Execution Facility and Derivatives Clearing Organization that specializes on cryptocurrency derivatives. LedgerX has the U.S. Commodity Futures Trading Commission’s (CFTC) approval to trade and clear swaps on digital money. Ledgerx also offers Bitcoin options trading and clearing. LedgerX options allow users the opportunity to earn a fiat-based yield on Bitcoin by making a contract that gives them the right to sell or buy an asset at a specified price on a specified date when they think it would be profitable due to price changes. Some of products of LedgerX are CFTC-regulated. The company launched the first CFTC-regulated Bitcoin saving account on the market. LedgerX is currently being run by Paul Chou — the CEO and co-founder of the company, who is a computer scientist and an experienced securities trader.
- Newsletter
- News
The new CFTC proposal enhances rules for futures commission merchants and derivative clearing organizations, mandating high liquidity in customer fund investments.
5581 - News
Ledger CEO Pascal Gauthier says the past week has been a “humbling experience” and apologized for the firm’s “miscommunication.”
10343 - Opinion
Ledger’s decision to introduce a third party to your wallet seed phrase could appeal to both governments and hackers.
7642 - News
The deal was announced in April and approved by the bankruptcy judge on May 4.
4305 - Opinion
Ledger’s latest update, aimed at making private seed phrases on its wallets recoverable, was simply an attempt to innovate and improve user security.
3649 - Follow up
The judge said he read all the papers and declarations related to the FTX debtors’ motion for the sale of LedgerX and was “satisfied” with the proceedings.
5642 - News
The futures and options exchange was purchased by FTX.US in 2021 to expand its spot trading services. Three other FTX assets remain up for sale.
5137 - News
Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe.
4452 - News
While the group of 18 customers does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are represented.
6077 - News
The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process.
5340 - News
”The customer property at LedgerX — the CFTC-regulated entity — has remained exactly where it should be, segregated and secure,” Rostin Behnam said at a hearing on FTX’s failures.
3848 - Altcoin Watch
FTT price soared to a new all-time high after the FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships.
8112 - News
FTX.US acquires LedgerX for an undisclosed amount to dive into Bitcoin and Ether futures trading.
4210 - Analysis
$675 million worth of Bitcoin options expired today. Experts debate its potential impact on Bitcoin’s price.
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