Is there speculation on this ftx The company’s new CEO, bankruptcy expert John Ray II, said he’s open to the idea it could reopen to users.
“Everything is on the table. If there’s a way forward on that, we’ll not only figure it out, we’ll do it,” Ray said in regards to a possible reopening of FTX.
comments came in one interview published Thursday with The Wall Street Journal. This is the first interview given by Ray after taking over as CEO of the exchange in November last year.
According to Ray, FTX.com should be restarted and FTX has already set up a task force to figure out how this can happen. He explained to The Wall Street Journal that the issue was brought up after some former FTX users publicly praised the exchange and suggested it be relaunched.
From a user perspective, popular crypto venture investor Nick Carter is among those to come out in support of FTX and its US branch, FTX US. Writing on Twitter, Carter made it clear that he would use FTX US again if it were to reopen:
FTX is US solvent, claims SBF
Earlier this week, the founder and former CEO of FTX Sam Bankman-Fried Reiterated on Twitter that FTX is US solvent and should never have been part of FTX International’s bankruptcy filing.
“FTX US is solvent, as it has always been,” he wrote, sharing a screenshot that showed details of the firm’s assets and liabilities.
When asked about this by The Wall Street Journal, Ray refuted the idea, saying that Bankman-Fried’s proposal implies that losses on the US exchange would need to be covered by money that would be traded on the international exchange, FTX. Relates to .com’s customers.
“That’s the problem. He thinks everything is one big honey pot,” he said.
In response, Bankman-Fried was quoted in the article as saying that Ray “continues to make false statements based on non-existent calculations.”
“If Mr. Ray had bothered to think carefully about FTX US, he probably would have realized both that his interpretation is completely inconsistent with bankruptcy law, and also that if someone were to steal $250 million from my balance sheet If the dollar depreciates, FTX will be US Even then solvent,” Bankman-Fried said, before adding:
“Rather, Mr. Ray sees everything as one big honey pot – which he wants to keep.”
while commenting After the interview with Ray was published, Bankman-Fried gave the new CEO credit for “paying lip service to finally getting the exchange back on track”.
“I’m still waiting for them to accept the FTX US solvent and give customers their money back,” he added.
FTT token is on the rise
FTX exchange token price ftt It jumped on the news yesterday, and at the time of writing was up more than 33% over the past 24 hours. Over the past 7 days, FTT is now up an impressive 76%, and is trading at $2.42.
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