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FTX could be revived and brought back from the dead?

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by COINS NEWS 114 Views

Bankrupt crypto exchange FTX's new chief executive, John Ray, is looking at the possibility of reviving the platform. He told Wall Street Journal that he has set up a taskforce to explore restarting FTX.com to ''recover more value'' for people who lost money.

FTX was valued at $32bn last year but filed for bankruptcy protection in November with an estimated $8bn worth of funds missing.

Would people put enough trust in the new chief executive? How could FTX possibly come back and make profits legitimately after the SBF mess? Personally I think it's like flogging a dead horse and that the trust has gone and the only way to get that trust back is by returning lost funds. Let's see what happens I guess.

submitted by /u/primordial_gloop
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