FTX 2.0 to launch quickly? Courtroom submitting reveals a reboot plan within the works

The bankrupt crypto trade FTX’s revival plans may quickly turn out to be a piece in progress as new CEO John Ray III is engaged on a reboot plan as per the newest court docket filings.

In a brand new court docket submitting on Might 22 reviewed by Cointelegraph, the FTX workforce shared a compensation report highlighting the work finished by Ray in regard to the Chapter 11 chapter. The overview report talked about a collection of actions undertaken by Ray to make sure the debtor’s greatest pursuits. Nevertheless, what caught probably the most consideration of the crypto neighborhood was the point out of rebooting FTX.

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