Defunct crypto exchange FTX.com has filed an initial “Plan of Reorganization” with the U.S. Bankruptcy Court, offering a glimmer of hope for the exchange’s revival. The proposed plan outlines a potential restart, but with a catch – it would only be available to “offshore customers.” The FTX Debtors filed their
In a dramatic turn of events, FTX, the embattled crypto exchange, has garnered interest from 363 potential investors, including heavyweights like BlackRock, Ripple Labs, and Nasdaq. This development comes as CEO John Ray III moves forward with restructuring plans. Further, these plans fall under the US Bankruptcy Code’s 363 Sale
FTX CEO John Ray III confirms the plans to reboot the operations of the ‘dead FTX’ exchange. On Monday, a court filing involving FTX Trading Ltd. at the United States Bankruptcy Court for the District of Delaware revealed the FTX 2.0 plans to the limelight. Significantly, the filing report clearly
