The FTX cryptocurrency exchange has plans to resume operations come December 2023. Several plans are on the table as the platform’s founder, Sam Bankm
FTX cryptocurrency exchange is planning to resume trading operations by mid-December 2023. Three offers are currently on the table, with the exchange sizing up their options. Report follows court hearing in Wilmington, Delaware with the company’s investment banker revealing details. an-Fried , continues to deal with his prosecution case stemming from the former demise of the exchange. SBF’s former colleagues are busy nailing him to the cross with a series of tell-all testimonies.
The plan to reboot was hatched in August with a proposed reorganization plan that would forge a path for some debtors to pool assets toward the creation of a new offshore platform that would serve international clients. Bloomberg reports that the exchange’s investment banker, Kevin Cofsky of Perella Weinberg Partners, has revealed in a court hearing in Washington, Delaware, that FTX is deliberating on details of potential binding offers with investors.
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