Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»New FTX chief says bankrupt crypto exchange could restart – WSJ
Finance

New FTX chief says bankrupt crypto exchange could restart – WSJ

January 20, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Jan 19 (Reuters) – Bankrupt crypto alternate FTX is trying into the opportunity of reviving its enterprise, Chief Govt Officer John Ray informed the Wall Road Journal on Thursday.

Ray, who took over the reins in November, has arrange a process drive to discover restarting FTX.com, the corporate’s principal worldwide alternate, he stated in an interview with the WSJ.

The CEO additionally informed the Journal that he would look into whether or not reviving FTX’s worldwide alternate would get better extra worth for the corporate’s clients than his group might get from merely liquidating property or promoting the platform.

FTX’s native token FTT surged almost 30% after the report.

“I am glad Mr. Ray is lastly paying lip service to turning the alternate again on after months of squashing such efforts!” FTX founder and former CEO Sam Bankman-Fried stated in a tweet.

“I am nonetheless ready for him to lastly admit FTX US is solvent and provides clients their a reimbursement,” Bankman-Fried added.

A authorized consultant for FTX didn’t instantly reply to a Reuters request for remark.

Bankman-Fried has been accused of stealing billions of {dollars} from the alternate’s clients to pay money owed incurred by his crypto-focused hedge fund, Alameda Analysis. He has pleaded not responsible to fraud costs.

The way forward for buyer funds, nonetheless, stays unclear. Earlier this week, FTX stated in a report back to collectors that hackers stole about $415 million in crypto from its worldwide and U.S. exchanges since its chapter in November.

Reporting by Niket Nishant in Bengaluru; Modifying by Shailesh Kuber and Anil D’Silva

: .

Source link

Bankrupt chief crypto Exchange FTX restart WSJ
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Clarium raises $27m funding to enhance AI-driven solutions for healthcare

May 9, 2025

Holiday Inn owner IHG confident US domestic demand will deliver profit growth (May 8)

May 9, 2025

6 Trusted Crypto Exchanges in India to Keep Your Funds Safe | Business News

May 9, 2025

Wall Street rises on hopes for trade deals that could forestall a recession

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘Pahalgam avenged but what about Vadodara boat tragedy?’ Suspended BJP corporator says will continue fight for justice | India News

May 9, 2025

Could grounding improve your sleep?

May 9, 2025

Kevin Durant makes his feelings clear on NBA’s ‘hired assassins’ in comparison with Kawhi Leonard

May 9, 2025

Commerce Secretary’s Love Bombing Of Trump To His Face Leaves Viewers Squirming

May 9, 2025
Popular Post

Euro Gains on French Vote, China Eyed After PMI: Markets Wrap

Asian stocks track Wall Street gains ahead of central bank meetings

Hockey, Asian Champions Trophy: Back in action after Paris bronze, India begin title defence with 3-0 win over China | Hockey News

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.