bankrupt ftx going ahead with efforts to revive its flagship international cryptocurrency exchange, The Wall Street Journal reported on Wednesday, quoting CEO John Ray.
“The company has begun the process of soliciting interested parties to relaunch the FTX.com exchange,” Ray said, as reported by the Journal.
The failed crypto company is in talks with investors about backing a possible restart of the FTX.com exchange through structures such as a joint venture, the report said, citing people familiar with the discussions.
Lawyers for FTX did not immediately respond to a Reuters request for comment.
In November, FTX filed for Chapter 11 bankruptcy protection in the United States following its spectacular collapse that rocked the digital asset industry.
In the days before the failure, customers of Sam Bankman-Fried’s crypto exchange withdrew billions of dollars, affecting the firm’s liquidity. a hedge deal with a rival exchange binance The fall also caused the highest-profile collapse of crypto in recent years.
The industry has since grappled with scrutiny from global regulators, while FTX founder Bankman-Fried faces criminal prosecution by the US government for alleged fraud.
recently dismissed by a federal judge Sam Bankman-Fried Bid to dismiss most of US government criminal case alleging FTX cryptocurrency Exchange founder conspiring to defraud billions of dollars.
Prosecutors accuse Bankman-Fried of stealing billions of dollars ftx Client funds to cover losses in his Alameda Research hedge fund.