Bankrupt crypto exchange FTX’s FTT token jumped over 35% after the Wall Street Journal reported that the company’s new chief executive John J. Ray III is...
Bankrupt crypto exchange FTX’s FTT token jumped over 35% after the Wall Street Journal reported that the company’s new chief executive John J. Ray III is looking at the possibility of restarting the exchange.Ray has set up a team to explore reviving FTX.com, which targets... Bankrupt crypto exchange FTX’s FTT token jumped over 35% after the Wall Street Journal reported that the company’s new chief executive John J. Ray III is looking at the possibility of restarting the exchange.
FTX has ceased operations since it filed for bankruptcy in November following one of the largest implosions of crypto companies in history. Sam Bankman-Fried, FTX’s founder and former chief executive, is charged with looting billions of dollars in customer funds at FTX to support risky bets at affiliated hedge fund Alameda Research. He has pleaded not guilty on all eight counts he’s facing from the Southern District of New York.
Bitcoin BTCUSD dipped 0.2% over the past 24 hours to around $20,835 on Thursday, according to CoinDesk data.
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