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FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30
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Cryptocurrency exchange FTX may be considering restarting in the future, according to the legal team behind the debtors.In an April 12 hearing in United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 billion in assets.
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The collateral feature allowed users to hold assets such as bitcoin, ether, stablecoins or even lower-market capitalization altcoins, and trade derivatives – effectively allowing traders to hold a diverse portfolio while being able to trade perpetual swap contracts that can be used to hedge or increase exposure. And while this
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Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of
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John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com.According to a Jan. 19 report from the Wall Street Journal, Ray said everything was “on the table” when it came to the future of
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IDEX is launching a new DEX built on a layer 2 scalibility protocol made possible through Ethereum's Istanbul hard fork. Source
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