Crypto exchange FTX (CRYPTO: FTT) is actively seeking to reestablish its principal international exchange platform. This initiative comes in the wake of the company’s turmoil due to allegations regarding the loss of nearly $9 billion of client funds before it crumbled last year.
John J. Ray III, who was appointed CEO in November when FTX entered bankruptcy, told The Wall Street Journal, “[The company] has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.”
The report quoted sources as saying that FTX is in preliminary discussions with potential investors about supporting the revival of FTX.com.
Various frameworks, including forming a joint venture, are being considered.
As part of …
