Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say

Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is in the running to relaunch FTX, according to two people familiar with the plans.

FTX, at the time one of the largest crypto exchanges, collapsed almost a year ago, sending shockwaves through the industry. Since then, the bankrupt exchange has received, now narrowed down to a shortlist of three, according to Perella Weinberg Partners, an investment bank involved in the process. Other options being considered include selling the entire exchange and its valuable 9 million-strong customer list or bringing in a partner. A decision should be made by mid-December, said Kevin Cofsky, a partner at Perella Weinberg last month.There are many moving parts in the FTX bankruptcy, and a restart would have to deal with various aspects of claims, token lockups and compliance issues. The process is not straightforward.

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