FTX’s CEO, John Jay Ray III, said Thursday he’s open to reviving the bankrupt exchange if the move provides a pathway to return money to the crypto trading venue’s customers and other creditors. "Everything is on the table," Ray told the Wall Street Journal in an interview published Thursday . "There are stakeholders we’re working with who’ve identified what they see is a viable business." Following this interview, the crypto exchange’s token, FTT (FTT-USD), gained as much as 35%. FTT has lost 90% of its value since the end of October 2022. At its peak in September 2021, FTT traded north of $70 per token. The collapsed crypto exchange said Tuesday it has identified $5.5 billion of liquid assets, but also stated based on current estimates both the company’s international and U.S. based exchange still face a "substantial shortfall" from what the trading venues owe customers. A court document with the restructuring team’s most recent findings shows this $5.5 billion includes $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Notably, $529 million of the company’s crypto assets are held in its FTT token. Last Wednesday, a lawyer with white shoe law firm, Sullivan […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
