Breaking: FTX CEO John Ray Begins Restart Of Flagship Crypto Exchange

FTX CEO John Ray III has started soliciting interested parties to restart the FTX exchange. Discussions on renaming the exchange, compensation to some existing customers, and team building and recruitment are also underway. Blockchain technology company Figure has expressed interest in helping FTX reboot, according to sources. The firm was also part of an investment group that bid for Celsius Network, but lost to another consortium.

advertisement

Chief Executive John Ray III said he is setting up a task force to look into the crypto exchange’s restart.

“The company has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.”

CoinGape Media earlier reported that FTX released the names of parties under the 363 Sale section of the US Bankruptcy Code that allows the selling of a company’s assets. Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin are the interested parties, according to a court filing on June 22 in the Delaware Bankruptcy Court.

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

FTX Debtors plan to conduct the sale process in Q3 or Q4 of this year and select a “stalking-horse bidder.” One among these companies will likely be the staking-horse bidder. Meanwhile, some companies are also looking to invest in FTX 2.0 as the team under CEO John Ray III works on bid process letter, interested parties, onboarding market makers, and FTX Japan relaunch.

Mooky Presale
Mooky Coin Presale
$MOOKY is a meme token which helps planting trees by donating to charity.
Visit Here
AD

Comments

Post a Comment

Popular posts from this blog

South Korea’s Democratic Party requires parliamentary candidates to reveal crypto holdings

The Democratic Party of Korea has introduced a policy requiring its candidates to disclose their crypto holdings ahead of the 2024 general elections, aiming to enhance transparency and address potential conflicts of interest. The Democratic Party of Korea, which has a majority in the National Assembly with 167 out of 300 seats, has decided that people who want to run for office in the 2024 general elections must disclose individual crypto holdings. This move is reported by News1 as a way for the party to appeal to high moral standards. Han Byung-do, who leads the party’s strategy team, said it will check if candidates might have conflicts of interest because of their digital money. If a representative lies about ownership of crypto , they will not be allowed to run for office as a member of the party. Byung-do did not specify the consequences of disclosing crypto ownership up front. You might also like: South Korean Financial Watchdog Calls for International Consistency of
Read more

Coinbase CEO considers anti-crypto bills as ‘bad political strategy’

The head of the crypto currency exchange Coinbase, Brian Armstrong, criticized U.S. senators Roger Marshall and Elizabeth Warren over their controversial anti- crypto bill. The Chamber of Digital Commerce, the world’s leading blockchain trade association, shared a post exposing Senator Marshall and Warren’s attempt to influence the American Bankers Association to support them in drafting the Digital Asset Anti-Laundering Act. Armstrong commented on this statement, pointing out that opposing crypto currencies is truly “a bad political strategy in 2024.” Senators Warren and Marshall now lobbying for big banks Being anti- crypto is a really bad political strategy going into 2024 * 52m Americans have used crypto * 38% of young people say crypto can increase economic opportunities * just 9% of Americans satisfied with the… https://t.co/diawa3LOX5 — Brian Armstrong ️ (@brian_armstrong) December 19, 2023 “Senators Warren and Marshall are now lobbying for big banks.” Brian Arms
Read more

Nym, a privacy firm, targets Web3 wallets, RPCs, and infrastructure services with its $300 million fund launch.

Image
In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness measures the diversity in sentence structures, while predictability assesses the likelihood of predicting the following sentence. Human authors tend to infuse their writing with bursts of creativity, blending lengthy, intricate sentences with shorter, crisp ones. Conversely, AI-generated sentences tend to maintain a uniformity. As you embark on crafting the subsequent content, I urge you to instill it with a healthy dose of perplexity and burstiness while keeping predictability at a minimum. Furthermore, your composition must remain in the English language. Now, let’s reimagine the provided text: Nym Technologies, the stalwart in blockchain security, sets its sights on bolstering open-source initiatives dedicated to crafting cutting-edge security and privacy tools tailored for the Web3 landscape. In an am
Read more