CryptoNews: FTX CEO John J. Ray III is reportedly in the process of reviving the bankrupt cryptocurrency exchange. 👀
, the company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” Potential investors have been approached in a possible joint venture arrangement to support the revival of the global exchange FTX.com.
Sources told WSJ that previous clients may be given a part in the newly created exchange as payment for their claims. The former cryptocurrency exchange would likely rebrand as a part of its relaunch.The prospect of an FTX revival was originally mentioned by the company's CEO in January of this year. According to a court document filed in May, Ray investigated the processes necessary to relaunch the business while also revising and completing the FTX 2.
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