Creditors of FTX are one step closer to being made whole, with the exchange announcing the next step of its restructuring process. The exchange’s CEO John Ray has reportedly begun the process of allowing investors to finance the reboot.
Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.from the Wall Street Journal, FTX restructuring chief John Ray said the company had “begun the process of soliciting interested parties to the reboot of the FTX.com exchange.”
Notably, the sources said that current FTX creditors would potentially be offered a stake in the reorganized crypto exchange, among other forms of compensation.
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