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.

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

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.

“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

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