Kevin

Coin

<ul class="news-points"> 
 <li>Defunct FTX is considering proposals for a possible restart of the platform.</li> 
 <li>Kevin Cofsky, FTX’s investment banker, said the company will decide by mid-December.</li> 
 <li>Options on the table include a takeover, partnership, or FTX restarting independently.</li> 
</ul> 
<a href="https://coinedition.com/market-analyst-suspects-money-laundering-in-ongoing-ftx-case/">Bankrupt crypto exchange FTX</a> is looking to restart trading on its platform a year after suffering an abrupt collapse following fraud allegations, Bloomberg reported. The company said it has received multiple offers and will make a decision by mid-December. 
Kevin Cofsky of Perella Weinberg Partners, the investment banker representing FTX, said in a recent court hearing that they are “engaging with multiple parties every day” on the possible restart. Cofsky continued that, so far, there are three options on the table for FTX to consider. 
According to the investment banker, a possible route is to sell the entire crypto exchange, which has more than 9 million customers. Alternatively, the company could form a partnership to restart the crypto exchange. Should the earlier options not work out, the company could handle the restart independently.&nbsp; …
The post <a rel="nofollow" href="https://coinedition.com/bankrupt-ftx-weighing-relaunch-proposals-from-three-bidders/">Bankrupt FTX Weighing Relaunch Proposals From Three Bidders</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bankrupt FTX Weighing Relaunch Proposals From Three Bidders

Coin Edition

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