Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX’s bankruptcy, part of a $250M fund reserved for a CFTC application (Bloomberg)

Bloomberg:
Sources: FTX’s derivatives exchange LedgerX is for sale, attracting interest from Blockchain.com, Gemini, and others; Nov. 17 filing: LedgerX had ~$303M in cash  —  LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest …

Wall Street Journal:
Sources: Sam Bankman-Fried has unsuccessfully continued to attempt to raise $8B to plug FTX’s shortfall, despite filing for bankruptcy and resigning as CEO  —  Alongside a few remaining employees, Mr. Bankman-Fried spent the weekend calling around in search of new commitments from investors

CNBC:
FTX files for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO  —  Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for bankruptcy.

Munsif Vengattil / Reuters:
Samsung launches a co-branded credit card with Axis Bank in India, where it has 175M customers, offering 10% cashback to customers buying Samsung products  —  Samsung Electronics (005930.KS) is targeting repeat purchases from its 175 million customers in India through a new cashback credit card …

Angus Berwick / Reuters:
Sam Bankman-Fried says he is in the Bahamas, denying speculation on Twitter that he had flown to South America after FTX filed for bankruptcy  —  FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America …

Olga Kharif / Bloomberg:
Sources: FTX is in the process of raising $1B as Sam Bankman-Fried considers bidding for bankrupt lender Celsius Network’s assets  —  Sam Bankman-Fried, the crypto billionaire who has been bailing out distressed industry players in recent months, is considering bidding for the assets …