{"id":13903,"date":"2023-07-06T13:56:05","date_gmt":"2023-07-06T12:56:05","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/ftx-a-probable-relaunch\/"},"modified":"2023-07-06T14:08:08","modified_gmt":"2023-07-06T13:08:08","slug":"ftx-a-probable-relaunch","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/ftx-a-probable-relaunch\/","title":{"rendered":"FTX: A probable relaunch?"},"content":{"rendered":"\n

FTX ‘s relaunch, long considered an impossibility of hallway noise, became a hot topic last April when venture capital firm Tribe Capital announced an opportunity to invest $250 million<\/strong>. At the same time, FTX’s Creditors’ Committee issued a press release inviting all interested parties to contact it on the subject.<\/p>\n\n\n\n

According to recent information, a potential FTX <\/strong>restart seems feasible. Indeed, FTX’s new CEO, John Ray III<\/strong>, who was tasked with rebuilding the bankrupt exchange, recently stated that the company has begun soliciting stakeholders to reopen the FTX exchange.<\/p>\n\n\n\n


According to the Wall Street Journal, FTX’s restart could involve a name change for the exchange and compensation for certain customers, notably via future stakes in the company. Consequently, companies wishing to contribute financially or participate in the FTX restart should contact their stock market advisors by the end of the week. Alongside Tribe Capital<\/strong>, blockchain<\/strong> company Figure<\/strong> also seems interested in a relaunch. The latter had also made an offer in connection with the acquisition of Celsius<\/strong>, and the Fahrenheit Consortium<\/strong> was ultimately selected as the buyer.<\/p>\n\n\n\n

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