FTX is negotiating with three bidders to restart the exchange and will make a decision by mid-December
According to Bloomberg, FTX is in talks with three bidders to restart the cryptocurrency exchange, and the company will make a decision on how to proceed before mid-December. It is reported that FTX is negotiating with investors on potentially binding tender details, including options to sell the entire exchange (including a list of over 9 million customers), or to introduce partners to help restart the exchange. FTX is also considering restarting the trading platform on its own. Andrew Dietderich, the company's lawyer, stated at a court hearing that FTX and its main group of creditors have preliminarily resolved some of the most difficult disputes in the case, which will allow the company to submit a detailed payment plan in December.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ledger doubles down with second touchscreen-focused product
Firm known for crypto hardware wallets set to bring another touchscreen option to consumers
Majority of US crypto owners will consider presidential candidates' crypto positions in November: Gemini survey.
Quick Take One in five Americans own crypto, according to a preview of Gemini’s 2024 State of Crypto survey. The full survey will be released in September. Gemini also found that 38% of Americans who do not own crypto say concerns surrounding how laws apply to the industry have discouraged them from getting involved.
