The new Chief Executive Officer of the collapsed FTX, John Ray has told to The Wall Street Journal about the possibility of FTX reviving its business.
Ray took the charge of FTX in November has set up a task force to explore restart the company's main international exchange FTX.com while speaking to The Wall Street Journal.
A year ago, FTX hada value of $32 billion but it filed for chapter 11 bankruptcy in November.
And it has been estimated that $8 billion worth of funds was missing.
Source: BBC
Talking to The Wall Street Journal, Ray shared he would look into whether reviving the company's international exchange would recover more value for company's customers than what his team could get from selling the company or liquidating company's assets.
According to Ray, there are stakeholders whom they are working with and they see it as a viable business.
The native token of FTX, FTT has surged nearly 30% after the report.
The founder and former CEO of FTX, Sam Bankman Fried tweeted:
Sam Bankman Fried has been accused of stealing billions of dollars from FTX customers while he has pleaded not guilty to the fraud charges against him.
However, the future of customer's funds is still not clear. Earlier this week, FTX told its creditors that about 415 million dollars worth of crypto has been stolen by hackers from its US based and international exchanges since it has filed for bankruptcy in November.
One of the major incidents in what has been called a "crypto winter" for businesses was the collapse of FTX.
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