FTX

FTX Crypto Exchange CEO Explores Possibility of Reviving Platform

January 19, 2023

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 …

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FTX: Cryptocurrency Market on the Brink of Stock Exchange Collapse

November 9, 2022

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 …

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