declared bankruptcy in November 2022 FTXstarted negotiations to re-operate in the international arena.
John J. Ray, Chief Executive Officer, who took over when the company filed for bankruptcy, said it has begun the process of requesting interested parties for the resumption of the FTX exchange. Persons who are familiar with the interviews, of FTXHe said he had early talks with many factors, including the joint venture, to support the reboot.
New Executives Appear Determined in Company’s New Formation
In an interview in January, Ray stated that despite alleged criminal behavior at FTX, customers and other partners said the exchange’s business model was fundamentally viable and formed a body to investigate the exchange’s reboot.
One of the allegations made on the subject was that other interested parties wishing to finance or participate in the reboot of FTX should submit their initial statements of interest to the company and its advisors this week. He also expressed interest in helping blockchain tech company Figure restart FTX.
