FTX 2.0: Bankman-Fried’s Former Crypto Exchange Outlines Plan for Potential Reboot
- Deadline for FTX 2.0 bids set for Sept. 24, court filing shows
- Defunct crypto exchange faces $16 billion in customer claims
FTX was one of the world’s largest digital-asset trading platforms prior to its bankruptcy in November.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
A plan to reboot a new version of defunct crypto exchange FTX Group may emerge as soon as next year, potentially injecting a jolt of activity back into a market that’s been largely subdued since the platform’s collapse.
More than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, according to a presentation filed in a Delaware court. Several parties have submitted bids that are now undergoing due diligence and information sharing, managers of the estate said, with a deadline for any new bids set for Sept. 24.