FTX’s Custody Unit Sold for 95% Less Than It Paid Months Before Collapse

DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never integrated into either operation. Following the sale of LedgerX – and after FTX said it wouldn’t restart or sell its exchange – DCI had “relatively few operations,” according to the court filing. Still, DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota, according to the filing.