BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

FTX Exchange Explores a Comeback: New CEO Sets Up Task Force to Consider Restarting Operations

John Ray, the new CEO of the bankrupt cryptocurrency exchange FTX, has announced plans to explore the possibility of restarting the main international exchange, FTX.com.

The bankrupt cryptocurrency exchange FTX is considering restarting operations, new CEO John Ray told the Wall Street Journal.

- Advertisement -

Ray, who took the reins in November, has set up a task force to explore restarting the main international exchange FTX.com, he said.

The CEO also said he would consider whether reviving the international exchange would recover more value for the company’s customers than a simple asset liquidation or sale of the platform would offer.

FTX’s FTT cryptocurrency rose nearly 30% following that report, Reuters reports.

“Glad Mr. Ray is finally responding to the reintroduction of exchanges after months of suppressing such efforts!” said FTX founder and former CEO Sam Bankman-Fried in a tweet.

- Advertisement -

“Still waiting for them to give customers their money back and finally admit that the US FTX is solvent,” he added.

Bankman-Fried has been accused of stealing billions of dollars from customers of the exchange in order to pay debts incurred by his hedge fund, Alameda Research. He has pleaded not guilty to the fraud charges.

The future of the clients’ funds, however, remains unclear. Days ago FTX reported to creditors that hackers stole about $415 million from the international exchange and platform in the US since the company filed for bankruptcy in November.

Related: Top 10 Hacks Of 2022: Over 3.5 Billion Lost in Total

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

Bitcoiners Doubt US Military’s Understanding of Bitcoin

U.S. Navy Admiral Samuel Paparo told a Senate committee the U.S. government operates a...

North America Leads in Stablecoin Payments After Asia

Global stablecoin transaction volume hit $4.5 trillion in Q1 2026, signaling a move from...

CFTC Sues New York to Block State Gambling Laws on Markets

The CFTC has sued New York to prevent state gambling laws from being applied...

Bitcoin Eyes May Rally as Fed Holds Rates Steady

Bitcoin gained over 13% in April and held above $77,000, signaling strong momentum heading...

Brazil Shuts 27 Prediction Markets, Citing Debt Risk

Brazilian regulators ordered the shutdown of 27 prediction market platforms, including Kalshi and Polymarket,...

Must Read

Top Best Metaverse Worlds To Buy Land

The metaverse has grown in our everyday conversation since Facebook announced its rebranding in October 2021 to META. The metaverse is a virtual world,...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading