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

Mortgage rates spend another week stuck near 7%

May 31, 2025

Here’s Why AppLovin (APP) Fell in Q1

May 31, 2025

This is why Jamie Dimon is so gloomy on the economy

May 30, 2025

GATX, Brookfield Infrastructure to buy Wells Fargo’s rail assets for $4.4bn

May 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Fox Host Hits Back At Trump Adviser’s ‘Rogue’ Talk With Ice Cold Reality Check

May 31, 2025

Robert De Niro Won’t Marry Baby Mama Tiffany Chen Without a Prenup

May 31, 2025

India weighs Trump tariff ruling as US trade negotiators head to Delhi on June 5 | Business News

May 31, 2025

Mortgage rates spend another week stuck near 7%

May 31, 2025
Popular Post

Intel to drop $5.4 billion Tower deal after China review delay -sources

Lucknow Super Giants eliminated after defeat to Sunrisers Hyderabad

Australia vs South Africa Live Score, Women’s T20 World Cup Semifinal: SA win toss, opt to bowl against AUS in Dubai | Cricket 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.