FTX exchange may be restarted, media reports

The new CEO of the bankrupt FTX exchange, John Ray III, is exploring the possibility of restarting the trading platform, said The Wall Street Journal.

“This is being discussed,” the top manager said during an interview with the publication.

There are stakeholders we work with who believe that [FTX] is a viable business.

The native token of the FTT exchange reacted with an increase of almost 30%. The price exceeded $2.6, but corrected at $2.3.

And this isn’t the first time people familiar with the situation at the company have spoken of a possible reboot. Lawyers for the FTX creditors’ committee said a few days ago that revealing the names of the exchange’s 9 million customers could hurt the rescue of the business.

Last week, the FTX bankruptcy court gave the green light to search for buyers to sell LedgerX, Embed, FTX Japan, FTX Europe and others in order to raise liquidity for settlements with creditors. 117 potential buyers are vying for the good of the bankrupt exchange.

LedgerX was interested in 56 buyers, Embed was interested in 50, FTX Japan and FTX Europe – 41 and 40, respectively. The Justice Department protested the sale of FTX’s assets, given the criminal fraud case filed against the company’s top managers. However, representatives of FTX assured the court that the disputed property would not be sold.

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