Bankrupt crypto exchange FTX is exploring the possibility of reviving its business, Chief Executive Officer John Ray told the Wall Street Journal on Thursday.
Ray, who took the reins in November, has set up a task force to investigate the restart FTX.comthe company’s main international exchange, he said in an interview with the WSJ.
The CEO also told the Journal that he would evaluate whether reviving FTX’s international exchange would bring more value to the company’s clients than his team could achieve by simply liquidating assets or selling the platform.
FTX’s native token FTT surged almost 30 percent following the report.
“I’m glad that Mr. Ray is finally paying lip service to turning the exchange back on after months of undoing such efforts!” said FTX founder and former CEO Sam Bankman-Fried in a tweet.
“I’m still waiting for him to finally admit that FTX US is solvent and give customers their money back,” Bankman-Fried added.
A legal representative for FTX did not immediately respond to a Reuters request for comment.
Bankman-Fried has been accused of stealing billions of dollars from the exchange’s clients to pay off the debt of his crypto-focused hedge fund Alameda Research. He has pleaded not guilty to the fraud charges.
However, the future of customer funds remains unclear. Earlier this week, FTX said in a report to creditors that hackers had stolen about US$415 million (around Rs.3,369 million). crypto from its international and US exchanges since its bankruptcy in November.
© Thomson Reuters 2023
