Hello dear readers, let this opportunity to share with all of you one of the most read news in the third closing of the third week so far of the year 2023, specifically about how FTX cryptocurrency company accused of fraud and millionaire scams plans to reopen its doors, news that somehow creates uncertainty throughout the cryptocurrency market.
The administrator in charge of running the Bitcoin (BTC) and cryptocurrency exchange FTX after its bankruptcy, John J. Ray III, announced in an interview with The Wall Street Journal (WSJ) that he is considering reopening the business to try to recover the money owed to its creditors.
The executive explained that he has created a working group to analyze the possibility of restarting digital currency operations of ftx.com, the company's main international platform, which has been inactive since it filed for bankruptcy last November.
Ray III assured that everything is on the table. If there is an avenue for that, we will not only explore it (but) we will do it and he stated that some people he works with at the crypto company believe there is a viable business in FTX.
The main objective of the current head of the company and his team is to recover the funds owed by FTX, the amount of which has not been specified but could be more than $8 billion. Hence, uncertainty has arisen as to the real possibility of creating new confidence and viability in FTX.
SOURCES CONSULTED
Cryptoslate FTX CEO John Ray creates taskforce to explore restarting exchange. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image background: Cryptoslate
Then it is going to good for all of us and it makes positive impacts on crypto makret because alreadylots of non crypto people blaming crypto for this FTX disaster. If this is going to happen then it is good for all of us.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @luckyali.writes
Certainly may be if FTX enters the market again the situation will be positive.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Greetings my friend, relaunching FTX? for sure there are many questions about this since the experience with the closure of this platform was not pleasant at all. Let's see how this case goes with the passing of time.
Thank you for sharing such important information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @carlir
That usually happens, and I assure you that when FTX launches nothing will have happened and people will invest again.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In my opinion, this is a good news to the crypto community, and I expect it to positively impact the crypto market as a whole. Let us keep an open mind and see how it unfolds.
Thanks for sharing buddy
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @samminator
It is certainly an extraordinary and healthy news.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They need to come up with compensation plan for investors.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @munawar1235
Good point, so they should design a plan that will give answers to the people who were left without resources.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It would be too early to speculate on the future of this exchange, but in particular I think that if they renew operations I don't think people will be confident enough to deposit their cryptocurrencies in FTX.
Greetings and thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @carlos84
Remember that in the market or rather when it comes to investments things do not happen by common sense.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
greetings @lupafilotaxia
Although it is a good news, I'm sure it will not be very easy, however when there is will and desire you can do things, I'm sure that with this rise of bitcoin was the stimulus to revive this company and also the owners still see that they can generate profits.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @dgalan
As I mentioned before, remember that the markets or rather when it comes to investments things do not happen by common sense.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It would be good news for the crypto community if FTX reopened its doors with its new team. However, FTX's reputation has been severely doomed, and I guess it is very hard for John J. Ray III to redeem it any time soon... I hope I'm wrong though
Thanks for sharing. Have a good day :) @lupafilotaxia
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @qsyal
As I mentioned before, remember that the markets or rather when it comes to investments things do not happen by common sense.
Best regards, be well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit