FTX CEO John Ray III is investigating the opportunity of relaunching the now-defunct cryptocurrency trade, The Wall Road Journal reported Jan. 19.
The CEO informed the Journal that he had created a process power to analyze relaunching FTX.com, the corporate’s major worldwide trade. He stated:
“Every little thing is on the desk. If there’s a path ahead on that, then we won’t solely discover that, we’ll do it.”
Whereas FTX officers have been accused of felony exercise, a number of shoppers have praised the corporate’s know-how, suggesting that it would warrant a reboot, in line with Ray.
On Nov. 11, 2022, FTX filed for chapter, resulting in a big downturn within the crypto market. Buyers, clients, and lenders all suffered losses exceeding $10 billion as a result of collapse.
Nonetheless, FTX introduced on Jan. 11 that it had recovered over $5 billion price of funds comprised of money, investments, and liquid cryptocurrencies.
Following the current replace, FTT, the native token of FTX, grew by 37% inside just a few hours.
