Cryptocurrency exchange FTX, which was scandalously closed, may be restarted

The newly appointed CEO of FTX, John Ray, said that he is studying the possibility of reviving the trading platform as one of the options for restructuring the company and returning client funds.

According to Ray, who became the CEO of FTX after its collapse in November 2022, he has already set up a working group to study the possibility of restarting the company’s main platform FTX.com. The CEO intends to find out whether the reopening of the exchange will bring more value to customers than what his team could get from a simple liquidation of assets or sale of the platform.

«We are working with many stakeholders who can evaluate a potentially viable business. If this path leads to success, we will do it,» John Ray emphasized.

Amid rumors of a possible relaunch of the cryptocurrency exchange, the native token of the FTT platform has grown by 23.8% over the past day. According to CoinGecko, FTT has lost 95.3% of its value over the past year, all due to the FTX collapse.

The founder of the bankrupt exchange, Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried, recently published a new statement in which he presented Binance-u-svoyih-problemah/">his version of the reasons for the collapse of his platform. According to the fraudster, the main culprit behind FTX’s bankruptcy is not Bankman-Fried and his fraud with client funds, but the head of the largest exchange Binance Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao.

At the same time, the former FTX CEO assured that even now the exchange is able to almost completely return all funds to its customers. Mr. Benkman-Fried said that the exchange would have repaid the funds even earlier, but it was «pressured» to file for bankruptcy.