Kevin

<div class="cryptonews">
 <p class="is-style-lead">FTX Trading Ltd. is again in talks with three bidders about reopening the bankrupt crypto exchange.</p>
 <p>According to Bloomberg, the final decision on reviving the <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> will be made by mid-December. FTX is discussing details of potentially binding offerings with <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>, company investment banker Kevin M. Cofsky of Perella Weinberg Partners said during a court hearing in Wilmington, Delaware.</p>
 <p>Possible options for reviving FTX include selling the entire <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>, including its valuable list of more than 9m customers, or bringing in a partner to help <a rel="noopener noreferrer nofollow" title="relaunch" href="https://thebittimes.com/tag/relaunch.html">relaunch</a> the trading platform. Cofsky told US Bankruptcy Judge John Dorsey that FTX is also mulling its reboot of the crypto <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>.</p>
 <blockquote class="wp-block-quote">
  <p>“We are engaging with multiple parties every day.”&nbsp;</p> <cite>Kevin M. Cofsky, investment banker </cite>
 </blockquote>
 <h2 class="wp-block-heading" id="ftx-debts-after-the-bankruptcy">FTX debts after the bankruptcy</h2>
 <p>On Nov. 11, FTX declared itself bankrupt due to a large shortage of assets to cover customer obligations. This decision followed several days after an investigation into liquidity problems at the crypto <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> emerged, in which it was revealed that the platform’s founder, Sam Bankman-Fried, illegally used client funds for dubious investments.</p>
 <p>Since filing for bankruptcy last year, FTX has been trying to get money to pay off debts to creditors. According to court documents, FTX representatives have recovered about $7 billion in assets, including $3.4 billion in cryptocurrency.</p>
 <p>FTX and its major creditor groups have tentatively settled some of the most complex disputes in the case, allowing the company to submit a detailed payment plan in December, company lawyer Andrew Dietderich said in court.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-in-talks-with-investors-to-relaunch-exchange-tbt67668.html">https://thebittimes.com/ftx-in-talks-with-investors-to-relaunch-exchange-tbt67668.html</a></p>

FTX in talks with investors to relaunch exchange

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