According to leaked documents, the failed cryptocurrency exchange FTX will resume its operations offshore in the third or fourth quarter of 2023.
In the leaked documents, it is seen that FTX will start operating again in the third or fourth quarter of the year.
According to court filings, FTX’s new management, led by CEO John Ray, is considering plans to relaunch the exchange and finalizing the materials needed for a reboot as FTX 2.0.
FTX tried to get a bailout from Binance, the world’s largest crypto exchange, but the deal fell through. Later, FTX filed for Chapter 11 bankruptcy in the US, seeking court protection while seeking a way to refund users. Bankman-Fried stepped down as CEO and was replaced by John J Ray III, an attorney with experience in high-profile bankruptcy cases.
*Not investment advice.