Revive

Celsius

Kevin

Coin

<ul class="news-points">
 <li>Proof Group, the successful bidder for Celsius, is now attempting to revive the collapsed exchange FTX.</li>
 <li>FTX’s potential relaunch options reportedly include a sale or partnership, with a decision anticipated by mid-December.</li>
 <li>The relaunch may face complexities akin to Voyager’s failed restructuring attempts.</li>
</ul>
Silicon Valley’s Proof Group, known for its recent successful bid on the bankrupt crypto lender <a href="https://coinedition.com/celsius-network-paves-way-for-new-beginnings-with-fahrenheit-llc/" target="_blank" rel="noopener noreferrer nofollow">Celsius as part of the Fahrenheit consortium</a>, is reportedly in contention to revitalize the defunct crypto exchange FTX.&nbsp;
This information comes from sources familiar with the ongoing plans. Previously, Perella Weinberg Partners, an investment bank involved in the process, disclosed that the options for FTX’s revival have been narrowed down to a shortlist of three, with Proof Group being one of them.
Kevin Cofsky of Perella Weinberg reportedly revealed that they were weighing the sale of the entire exchange, which boasts a customer base of 9 million, or potentially partnering with another firm. Cofsky noted that a resolution is expected by mid-December.
Proof Group, known for its venture capital…
The post <a href="https://coinedition.com/silicon-valley-firm-proof-group-joins-race-to-revive-ftx/" rel="noopener noreferrer nofollow">Silicon Valley Firm Proof Group Joins Race to Revive FTX</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Silicon Valley Firm Proof Group Joins Race to Revive FTX

Coin Edition

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