New FTX Chief Mulls Reviving The Exchange| MENAFN.COM

Monday, 30 January 2023 11:45 GMT

New FTX Chief Mulls Reviving The Exchange


(MENAFN- Investor Brand Network)

The current chief executive of the bankrupt FTX exchange,
john ray, is looking into bringing back the defunct crypto platform . He spoke to the Wall Street Journal (WSJ) saying he intends to set up a task force to explore reviving FTX.com.

FTX was valued at $32 billion before it went belly up and filed for bankruptcy protection in November last year. Presently, FTX stands at $8 billion in losses. Bankman-Fried, the founder and previous chief executive, has been under fire for allegedly defrauding FTX's clients and investors to pay off debts in...

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