The new chief executive of bankrupt crypto exchange FTX, John Ray, is considering reviving the platform. In an interview with the Wall Street Journal, Ray said he has established a task force to examine the possibility of restarting FTX.com to “recover more value” for people who lost money. The exchange, which was valued at $32 …
FTX Crypto Exchange CEO Explores Possibility of Reviving Platform Read More »
FTX, a cryptocurrency exchange that had previously gone bankrupt, has announced that it has located a significant amount of assets, according to an attorney representing the company. However, the extent of losses for customers is still not yet known. The former CEO of FTX, Sam Bankman-Fried, is facing accusations of fraud, which may have cost …
Collapsed Crypto Giant FTX Recovers Over $5 Billion in Assets Read More »
On Tuesday, FTX signed a bailout deal with bigger rival Binance after a surge in withdrawals triggered a “significant liquidity crunch.” Concerns about FTX’s financial health reportedly caused him to withdraw $6 billion (£5.2 billion) in just three days. Binance has said it has agreed to purchase FTX’s non-U.S. entity pending due diligence. FTX founder …
FTX: Cryptocurrency Market on the Brink of Stock Exchange Collapse Read More »