The new chief of fallen crypto exchange FTX is reportedly exploring the possible revival of the international business as a means of achieving greater financial recovery.
FTX CEO John Ray is looking into the possibility of restarting FTX.com – the firm’s international exchange – according to an interview with «Wall Street Journal».
Ray said he has set up a task force to explore the option, including assessing whether or not the exchange’s revival would result in the recovery of more value for the firm’s customers compared to simply liquidating assets or selling the platform.
Recently, FTX debtors identified around $5.5 billion in liquid assets at the crypto exchange, following a meeting with the Official Committee of Unsecured Creditors (UCC), alongside more than $400 million in «unauthorized third-party transfers».
