Crypto 24X7 News Hubb
Advertisement
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
Crypto 24X7 News Hubb
No Result
View All Result
Home Crypto Mining

John Ray III is Reportedly Considering to Relaunch FTX.com

admin by admin
January 22, 2023
in Crypto Mining


FTX CEO has reportedly set up a task force exploring the possibility of relaunching FTX.com.

John Ray III, an American attorney and current cryptocurrency exchange FTX chief executive officer (CEO), is reportedly looking into the possibility of relaunching FTX services.

According to the Wall Street Journal report shared on January 19th, Ray III has gathered a task force that is exploring ways to restart operations of FTX’s main international exchange, FTX.com.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Moreover, the team is allegedly looking into whether restarting FTX.com would bring more value to FTX customers than “simply liquidating assets or selling the platform.”

FTX founder and former CEO Sam Bankman-Fried celebrated the news on Twitter.

I’m glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts! I’m still waiting for him to finally admit FTX US is solvent and give customers their money back…

It is worth noting that, on January 17th, FTX shared a press release revealing that it has identified around $5.5 billion “of liquid assets.” The total amount of liquid assets is constructed from “$1.7 billion in cash, $3.5 billion of crypto assets, and $0.3 billion of securities.” Moreover, FTX reportedly owes more than $3 billion to the top 50 creditors.

The end of 2022 was quite significant for the whole FTX case. At the end of December, former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pled guilty to fraud charges.

On the other hand, after being extradited to the United States, Sam Bankman-Fried pled not guilty to all criminal charges and is now set to appear before the court in October.

After the news about John Ray’s plans broke, FTX native token FTT surged more than 30%. At the time of writing, FTT retails for $2.31, recording a 30.76% price increase in the last 24 hours.

Gile K. - Crypto Analyst

by Gile K. – Crypto Analyst, BitDegree






Source link

Previous Post

Mississippi Missouri Bills To Protect Bitcoin – Bitcoin Magazine

Next Post

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020 – Bitcoin News

Next Post

Axie Infinity's Monthly Player Count Drops to Low Not Seen Since November 2020 – Bitcoin News

Recommended

The Three Things That Went Wrong for FTX According to Ripple CTO

December 11, 2022

Bitcoin Will Not Submit To Black Swans – Bitcoin Magazine

December 5, 2022

Don't miss it

Crypto Currency

CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

February 3, 2023
Ethereum

Logan Paul and CryptoZoo sued in class action lawsuit

February 3, 2023
Crypto Currency

Chainalysis to Dismiss 48 Employees, Prepares to Reorganize Structure

February 3, 2023
Crypto Currency

MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B

February 3, 2023
Bitcoin

ETH platform Blocknative adds bundles, cancellation, replacement

February 3, 2023
Bitcoin

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players – Metaverse Bitcoin News

February 2, 2023

© 2022 Crypto 24X7 News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

© 2022 Crypto 24X7 News Hubb All rights reserved.