(Reuters) – Bankrupt FTX is working to revive its flagship worldwide cryptocurrency alternate, CEO John Ray mentioned Wednesday, The Wall Road Journal reported. reported as.
The corporate “has begun a means of soliciting stakeholders for the reboot of the FTX.com alternate,” mentioned Ray, in response to a report by the journal.
The failed cryptocurrency agency is in talks with buyers to help a doable reopening of the FTX.com alternate by constructions reminiscent of joint ventures, the report added, citing folks accustomed to the talks.
FTX debtors declined to touch upon the report.
FTX filed for Chapter 11 chapter safety in November following a dramatic chapter that rocked the digital asset business.
Within the days main as much as the chapter, shoppers of Sam Bankman-Fried’s cryptocurrency alternate withdrew billions of {dollars}, sapping the corporate’s liquidity. A bailout cope with rival alternate Binance additionally broke down, sparking one of the vital high-profile cryptocurrency crashes lately.
Since then, the business has been rocked amid world regulatory scrutiny, with FTX founder Bankman Fried dealing with felony prices from the US authorities on fraud prices.
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