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TL;DR
Somebody desires to purchase again FTX and relaunch it.
The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.
BUT, reviving a model related to one of many largest monetary frauds of all time, simply over a 12 months after all of it went up in flames? Don Draper in his prime could not enable you to there.
A choice shall be made by mid-December as a part of plans to be submitted to the Delaware chapter court docket for approval.
Full Story
What’s crazier than SBF testifying in his personal trial?
Do this: somebody desires to purchase again FTX and relaunch it.
Okay, so the primary query is: “Why?”
Let’s maintain issues constructive and begin with the professionals (yeah, they exist!):
FTX has managed to scrape collectively a cool $7.3B after going underneath, which is not any small chunk of change (even when they nonetheless owe $9B to their clients).
The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.
FTX as a buying and selling platform was/is state-of-the-art.
As for the cons…
Reviving a model related to one of many largest monetary frauds of all time, simply over a 12 months after all of it went up in flames?
Don Draper in his prime could not enable you to there.
There’re most likely a laundry listing of different cons, but when the brand new consumers cannot rebuild belief with clients, there is no level speaking about them.
So, is that this truly going to occur any time quickly?
Yeah, kinda.
A minimum of, a call shall be made by mid-December as a part of plans to be submitted to the Delaware chapter court docket for approval.
Then we’ll see if we’re lastly achieved with all of this FTX drama or if we’re in for one more trip.
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