It became known what caused the sudden growth of the most famous fraudster’s cryptocurrency by 17%

The price of the FTX token (FTT), launched by the most notorious cryptocurrency fraudster Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried, has risen by 17%. This happened after it was reported that John Ray, the bankruptcy administrator of the FTX exchange, is considering restarting it.

The price of FTT rose from $ 0.99 to $ 1.16 at the moment. According to CoinGecko, at the time of writing, the price of FTT is hovering around $ 1.10, with a trading volume of $ 24 million over the past day.

The token’s price rose sharply at midnight Kyiv time when a member of the FTX creditor community tweeted that «FTX CEO John Ray III confirmed plans to launch FTX 2.0.» The information is based on Ray’s April performance report published on the website of the law firm Kroll on May 22. FTX’s creditors noted that the FTX CEO spent more than 6.5 hours reviewing materials related to the FTX relaunch (FTX 2.0) — terms of reference, plans, comments, and next steps in this direction.

The issue of re-launching the bankrupt crypto exchange has been under consideration by the manager for several months. In January, Ray said that he was considering re-launching FTX.com to compensate creditors and customers.

At a court hearing in early April, FTX’s bankruptcy attorney, Andy Diederich of Sullivan & Cromwell, said that FTX plans to present a preliminary reorganization plan in July. He noted that the plan could include a relaunch of the platform.