FTX coming rising out of the ashes? The exchange's CEO has a team exploring to revive the exchange.
Ray reportedly was considering reviving the crypto exchange as part of efforts to make users whole. FTX reported on Jan. 17 that it hadof liquid assets in its investigations, with more than $3 billion owed to its top 50 creditors. According to the FTX CEO, he considered feedback from some stakeholders who saw the exchange as a “viable business”.
The collapse of FTX and subsequent criminal charges for many of its executives sent ripples through the crypto space in 2022. Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pled guilty to fraud charges, while Ray’s predecessor Sam Bankman-Fried hasRelated:Ray was reportedly assisted by Wang and Ellison in tracking down some of the company’s assets, but he has frequently traded barbs with Bankman-Fried.
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