Proof Group is looking to revive bankrupt crypto exchange FTX, according to multiple reports citing people familiar with the matter.
Investment firm Proof Group is one of three bidders looking to revive bankrupt crypto exchange FTX, according to multiple reports citing people familiar with the matter.
CoinDesk first reported the news on Proof Group's involvement on Monday. Proof Group has also approached other investors to see if they wanted to join the bid, a person familiar with the situation told Bloomberg News. "We have been engaging in an outreach process with a number of interested parties to either acquire the legacy exchange assets and/or to partner with the debtors in connection with a launch of the exchange," Cofsky said. "We've been evaluating that process relative to the potential to reorganize the assets on a standalone basis."
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