FTX, which declared bankruptcy in November 2022, has started negotiations to re-operate internationally.
John J. Ray, Chief Executive Officer, who took over when the company filed for bankruptcy, said it has begun the process of requesting interested parties for the resumption of the FTX exchange. People familiar with the talks stated that he had early talks with many factors, including the joint venture, to support the reboot of FTX.
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In an interview in January, Ray stated that despite alleged criminal behavior at FTX, customers and other partners said the exchange’s business model was fundamentally viable and formed a body to investigate the exchange’s reboot.
One of the allegations made on the subject was that other interested parties wishing to finance or participate in the reboot of FTX should submit their initial statements of interest to the company and its advisors this week. He also expressed interest in helping blockchain tech company Figure restart FTX.
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