Is FTX returning?
New CEO John Ray told the Wall Street Journal that the bankrupt cryptocurrency exchange is considering FTX to revive its business.
Ray, who took over in November, set up a task force to explore the restart of the FTX, the company’s main international exchange, he said in an interview with the Wall Street Journal.
The CEO also told the newspaper that he would consider whether the revival of the FTX International Exchange would restore greater value to the company’s customers than his team might get from merely liquidating assets or selling the platform.
FTT’s original FTX code rose nearly 30% after the report,
FTX founder and former CEO Sam Bankman-Fried said in a tweet, “I’m glad Mr. Ray is finally paying lip service to restarting the stock exchange after months of crushing such efforts!”
“I’m still waiting for him to finally admit that FTX US is able to pay off its debts and return customer money to customers,” Bankman Fried added.
Bankman-Fried has been accused of stealing billions of dollars from exchange customers to pay off debts incurred by crypto-focused hedge fund Alameda Research and has pleaded not guilty to fraud charges.
However, the future of customer funds remains unclear, earlier this week, FTX said in a report to creditors that hackers have stolen about $415 million in cryptocurrencies from its international and U.S. exchanges since it went bust in November.