FTX 2.0 to launch soon? Court filing shows a reboot plan in the works By Cointelegraph

Tech wreck temporary as earnings season, Fed cuts will spur rebound, Wedbush says

FTX 2.0 to launch soon? Court filing shows a reboot plan in the works

Published May 23, 2023 05:09AM ET Updated May 23, 2023 06:40AM ET

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FTX 2.0 to launch soon? Court filing shows a reboot plan in the works

The bankrupt crypto exchange FTX’s revival plans could soon become a work in progress as new CEO John Ray III is working on a reboot plan as per the latest court filings.

In a new court filing on May 22 reviewed by Cointelegraph, the FTX team shared a compensation report highlighting the work done by Ray in regard to the Chapter 11 bankruptcy. The review report mentioned a series of activities undertaken by Ray to ensure the debtor’s best interests. However, what caught the most attention of the crypto community was the mention of rebooting FTX.

FTT price movement on 1-hour time frame. Source: TradingView

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