FTX Crypto Exchange Prepares for a Remarkable Relaunch – Unveiling the How and When

By Lola Coin Jun 28, 202376Views

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FTX, a fallen crypto exchange that suffered a $9 billion misappropriation of funds and subsequently collapsed last year, is making efforts to relaunch its international platform. Under the leadership of CEO John Ray III, FTX is engaging in discussions with interested parties and considering rebranding. Blockchain technology company Figure has expressed interest in assisting with the relaunch, as it was part of a previous investment group that bid for Celsius Network. The company is also working on compensating existing customers and recruiting new team members. FTX has released a list of interested parties under the US Bankruptcy Code’s 363 Sale section, including Nasdaq, Ripple Labs, and BlackRock. The sale process is expected to take place in the third or fourth quarter of this year, with plans for a relaunch in Japan. Despite facing regulatory scrutiny and legal issues, FTX’s potential relaunch offers hope for the crypto industry.

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