Bald

<ul><li>FTX is planning a potential reboot for its international customers, leading to a 10% increase in the FTX token&#39;s value.</li><li>The firm has proposed a plan that categorizes claimants, with some users having the option to pool their assets to establish a rebooted platform.</li><li>A conspiracy theory has emerged linking FTX&#39;s founder, Sam Bankman-Fried, to the controversial BALD memecoin.</li></ul>The defunct crypto exchange FTX is in the process of a potential reboot, aiming to restart its services for international customers. The Wall Street Journal first <a href="https://www.wsj.com/amp/articles/ftx-begins-talks-on-reboot-as-managers-uncover-past-misconduct-38ad7e3c?tpl&#61;br&amp;mod&#61;hp_major_news_pos1" rel="noopener noreferrer nofollow">reported</a> the potential restart in June 2023. John Ray, the CEO of FTX, revealed that the firm had begun the process of interviewing interested parties for the reboot of FTX.com.As part of the plan, bankruptcy administrators have proposed a structure that categorizes claimants into distinct groups. These include &#39;dotcom customers&#39; who used the FTX.com offshore exchange, U.S. exchange customers, customers of its NFT exchange, and holders of general unsecured claims, secured claims, and subordinated claims. The latter includes Alameda&#39;s lenders or trading partners and those who owe taxes and fines.The plan outlines a &#39;waterfall priorities&#39; system to determine the order of claims, with each category receiving a pro-rata payout from the remaining pool after the preceding class is compensated. Notably, the &#39;dotcom customers&#39; have the option to pool their assets to establish an &#39;offshore exchange company&#39; or a rebooted platform outside the U.S., marking a significant milestone in the FTX saga.Read full article at <a href="https://cryptotale.org/ftx-plans-a-potential-reboot-amidst-controversies-and-bald-coin-speculations/" rel="noopener noreferrer nofollow">CryptoTale.</a>

FTX Plans a Potential Reboot Amidst Controversies and BALD Coin Speculations

CryptoTale

Other articles published on Aug 1, 2023

Peter Brandt: Bitcoin halving and ETF are much ado about nothing

Best Presale in 2023? Chancer, Hands Down. Why Whales Are Impressed With Its $1.0m Raise

DeFi Market Turmoil: Top Tokens Crash Post Curve Event, Fears of Contagion Loom

LBank Exchange to List Seven New Tokens in a Week

Alibaba (BABA) Stock Following AMZN Stock in 1D Volume Activity

Opinion: No, Sam Bankman-Fried isn't going to walk free

Join our free newsletter for daily crypto updates!