Coin

<ul class="news-points"> 
 <li>Bankrupt FTX crypto exchange explores the possibility of relaunching operations.</li> 
 <li>Expert says the relaunch is unlikely, citing challenges in finding a willing buyer.</li> 
 <li>FTX will consider offers that inject significant capital into the balance sheet.</li> 
</ul> 
In an exclusive interview, Thomas Braziel, Founder of 507 Capital, weighed in on the news of <a href="https://coinedition.com/ftx-ceo-we-have-begun-soliciting-interested-parties-to-reboot-ftx-com/">FTX considering relaunching its operations</a>, noting that FTX is actively exploring the idea, with investment bankers accepting offers for the debtor. 
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 Is 100% recovery for FTX creditors possible? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> Idk, but that’s what new CEO John Ray is aiming for, according to <a href="https://twitter.com/ThomasBraziel?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ThomasBraziel</a>. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Listen to the full episode again: <a href="https://t.co/zTl9FJs31J" target="_blank" rel="nofollow">https://t.co/zTl9FJs31J</a> <a href="https://t.co/q7Ux9nfzJl" target="_blank" rel="nofollow">pic.twitter.com/q7Ux9nfzJl</a>— Laura Shin (@laurashin) <a href="https://twitter.com/laurashin/status/1675942489843453952?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 3, 2023</a>
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While Braziel cautiously refrained from providing definitive odds on the likelihood of a relaunch, he suggested that the chances are relatively low. Drawing from past experiences with Voyager and Celsius, he questioned the feasibility of finding a party willing to pay significantly for FTX customers while investing in FTX itself. 
Although the process is informal, Braziel noted that FTX’s CEO is open to relaunching FTX with …
The post <a rel="nofollow" href="https://coinedition.com/ftx-relaunch-likelihood-is-low-expert-argues-using-past-cases/">FTX Relaunch Likelihood Is Low, Expert Argues Using Past Cases</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

FTX Relaunch Likelihood Is Low, Expert Argues Using Past Cases

Coin Edition

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