A second chance for FTX: Can the bankrupt crypto exchange be revived?
A second chance for FTX: Can the bankrupt crypto exchange be revived?
FTX's newly appointed CEO, John Ray, believes that the cryptocurrency exchange could be revived. John Ray is now in charge of the bankruptcy proceedings of the exchange, which have shaken up the crypto market and caused tremendous changes in the industry.
The FTX CEO wrote in his report that he is considering FTX 2.0. According to him, a reboot of FTX is not only possible but already under development.
It is worth noting that there is no official announcement about the cryptocurrency exchange reload, despite the information in legal reports that John Ray spent 6.7 hours reviewing and developing reload 2.0 and studying the list of applicants.
According to Coingape, previously there were reports circulating from John Ray about the possibility of a crypto exchange reload and that the company was considering options to make it happen. Now he has assured that a way has not only been found but is already in the process of development.
However, experts believe that rumors of FTX 2.0's revival are greatly exaggerated and that the exchange's restoration is unlikely against the backdrop of constant technical failures, software bugs and outages that have plagued the exchange since its inception and ultimately led to its collapse.
On the other hand, the news of FTX's relaunch was a boost for FTT, the FTX token, which rose 12%. The intrigue around the crypto coin continues, and the price of FTT at the time of writing is $1.088, also up 9% on the day.
Earlier, we reported that the Malaysian regulator had ordered Huobi to cease all operations in the country.
