FTX Is Negotiating With Three Bidders to Restart Crypto Exchange
- Bankrupt firm expected to decide fate of exchange in December
- Before it failed, FTX ran one of the biggest trading platforms
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FTX Trading Ltd. is considering proposals from three bidders to restart trading on what had been one of the world’s biggest crypto exchanges before the company sank into bankruptcy amid fraud allegations.
The company will make a decision about how to proceed by mid-December, the company’s investment banker, Kevin M. Cofsky of Perella Weinberg Partners, said Tuesday during a court hearing in Wilmington, Delaware. FTX is negotiating details of potentially binding offers with investors, Cofsky said.