John Ray Considers Relaunching FTX, Criticizes Sam Bankman-Fried

John Ray Considers Relaunching FTX, Criticizes Sam Bankman-Fried

John Ray Considers Relaunching FTX, Criticizes Sam Bankman-Fried
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John Ray III, the performing CEO of FTX, has launched that he's exploring the prospects of relaunching the now-defunct crypto exchange, greater than two months after it filed for financial kill protection.

FTX Pondering a Relaunch Path

Following the disclosure that FTX debtors and financial kill directors positioned $5.5 billion in liquid sources, John Ray III has launched that the exchange is taking into consideration relaunching.

In his first interview since FTX filed for financial kill protection, John Ray III told the Wall Avenue Journal that there would be value in restarting the crypto exchange to support customers procure effectively their funds.

He told the e-newsletter “all the pieces is on the table. If there may perchance be a route forward on that, then we're going to no longer most attention-grabbing in discovering that, we’ll attain it.” Reacting to the info, FTX’s native token, FTT, has skyrocketed by 37%.

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The 24-hour designate chart for FTX Token (FTT). Provide: CoinMarketCap

Battle of CEOs Continues

Since taking on management of FTX, John Ray III and Bankman-Fried beget had a recede at every varied. Ray talked about the unique management has kept their distance and hasn’t been dialoguing with SBF, who spoke back by pronouncing this used to be a gruesome and damning comment.

Their disagreement is evident by the many reviews they challenge on FTX’s steadiness sheet. Ray provides that he had no longer considered anything relish FTX all thru his total profession, as the exchange below SBF “went on a spending spree.”

On the Flipside

  • Whereas the exchange looks to restart, Genesis has filed for financial kill on memoir of the crypto lender’s publicity to FTX.

Why You Might smooth Care

Whereas the relaunch of FTX could well well aid customers procure effectively their funds, the dearth of have confidence in the exchange would limit the prospects of it thriving.

The restoration of FTX is roofed in:

FTX Recovers $5 billion in Liquid Resources to Repay Prospects, But Extent of Loss Aloof Unknown

Be taught extra on the FTX saga below:

Ex-FTX US President Blasts SBF: Is He Telling the Total Memoir?

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