Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.”
FTX’s Revival Prospects Surface as New CEO Explores Reboot Plans and Bidder List
The current CEO and main restructuring officer of FTX appears to be examining the possibility of relaunching the exchange, as indicated by a court document detailing the company’s staff and compensation report for the period from April 1, 2023, to April 30, 2023. This isn’t Ray’s initial mention of such a plan, since he discussed rebooting in his first interview following FTX’s collapse in mid-January 2023.
In April, FTX’s present operators uncovered $7.3 billion in liquid assets, and legal professionals debated resuming the exchange later as a potential means to restructure its debt. It seems that Ray has been engaging with certain organizations to

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