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FTX is hoping to reboot its international exchange, according to CEO John J. Ray III
FTX might be coming back.
In a recent interview with the Wall Street Journal, FTX CEO John J. Ray III, the veteran bankruptcy attorney leading the embattled crypto firm through its restructuring, said he would explore whether restarting the exchange could be a viable alternative to simply selling off its assets.
As a result, the company that suddenly collapsed late last year and lost billions of customer funds could make an unlikely return.
“Everything is on the table,”
… Ray said in the interview published Thursday, noting the company set up a task force to explore bringing back FTX’s international exchange after some FTX stakeholders “identified what they see is a viable business.”
The new chief also criticized former FTX CEO Sam Bankman-Fried, saying, “he hasn’t told us anything that I don’t already know,” and adding:
"We don't need to be dialoguing with him."
Though it remains unclear how likely—or even possible—a reboot may be, Ray said the firm is still scouring FTX’s data in an attempt to retrieve additional funds; as of Tuesday, the company has recovered about $5.5 billion in assets, but it’s still on the hook for at least $3 billion more.