United

Tribe

Read

<p class="is-style-lead">Under the guidance of CEO John Ray III, FTX unveiled resurrection plans in a new project known as FTX 2.0.&nbsp;</p>



<p>Documents recently filed in the United States Bankruptcy Court for the County of Delaware provide insight into the comprehensive planning and execution of the relaunch by John Ray III and his team.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">FTX CEO John Ray III confirms FTX 2.0 plans. <a href="https://t.co/FeCXOvdrt0" target="_blank">pic.twitter.com/FeCXOvdrt0</a></p>&mdash; FTX 2.0 Coalition (@AFTXcreditor) <a href="https://twitter.com/AFTXcreditor/status/1660753728792584195?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Ray invoiced the company&#8217;s bankruptcy estate for over $290,000. FTX also paid an extra $1.3 million to other workers who took over the exchange and were responsible for the insolvent division.</p>



<p>The filing showed that Ray was actively involved in developing the strategy for FTX 2.0, even though he claimed to spend most of his time on administrative and legal matters.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/ftx-seeks-to-reclaim-over-240m-in-controversial-acquisition-of-embed/" class="cn-block-related-link__link">
            FTX seeks to reclaim over $240m in controversial acquisition of Embed        </a>

    
</div>


<p>Lawyers for FTX in bankruptcy court, Sullivan &amp; Cromwell, revealed last month that the CEO had been busy with several projects, including advising cybersecurity firm Sygnia on how to improve its global cryptocurrency platform, reviewing the terms sheet for the exchange&#8217;s restructuring plan, investigating the steps required to relaunch the platform, and finalizing the FTX 2.0 document for distribution to potential investors.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="IS FTX EXCHANGE MAKING A COMEBACK 🤔" width="1020" height="574" src="https://www.youtube.com/embed/-jvRjws65M4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>According to the court documents, John Ray III researched possible buyers for FTX 2.0. Particularly noteworthy is the interest of venture finance company Tribe Finance in reviving the defunct <a href="https://crypto.news/learn/what-is-a-cex-a-beginners-guide-to-centralized-crypto-exchanges/">crypto exchange</a>.</p>



<h2 class="wp-block-heading" id="ftt-rallies-ahead-of-reports">FTT rallies ahead of reports</h2>



<p>The native token of FTX, FTT, saw an 8% increase to trade at $1.08 as of press time, down from a high of $1.16, as the news of FTX&#8217;s resurrection and ambitious aspirations spread. Refreshed faith in FTX&#8217;s potential under the new FTX 2.0 architecture has been reflected in the market.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1402" height="792" src="https://crypto.news/app/uploads/2023/05/FTT_7D_graph_coinmarketcap.jpeg" alt="FTT 24-hour chart | Source: CoinMarketCap" class="wp-image-14159919"/><figcaption class="wp-element-caption">FTT 24-hour chart | Source: <a href="https://coinmarketcap.com/currencies/ftx-token/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a></figcaption></figure>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/ftxs-bankman-fried-challenges-law-firms-role-in-prosecution/" class="cn-block-related-link__link">
            FTX’s Bankman-Fried challenges law firm’s role in prosecution        </a>

    
</div>

FTX unveils FTX 2.0 strategy, FTT token surges 17%

목차

crypto.news

2023년 5월 23일에 게재된 다른 기사

Could $MG Be the Next $PEPE Sensation? One Investor Turns $27 into $1M in A Week!

Tokenize Application Preview Displays Token's being launched on Nexa with Ease

MetaMask Clarifies: No Taxes Being Collected from Crypto Users

Folks Finance – A Review

Swiss Neuratrade Shakes Crypto Trading with AI and Autonomous Technology

US Debt: Are cryptos trapped by the debt ceiling?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!