FTX's New CEO Considers Restart of Crypto Exchange FTX

FTX’s new chief executive, John J. Ray III, said he’s looking into the possibility of reviving the bankrupt crypto exchange as he works to return money to the failed company’s customers and creditors, According to the Wall Street Journal.

Mr. Ray said that he has set up a task force to explore restarting FTX.com, the company’s main international exchange. Although top FTX executives have been accused of criminal misconduct, some customers have praised its technology and suggested that there would be value in rebooting the platform, he said.

According to TokenInsight data, $FTT price went up 31.43% in the last hour, trading at $2.3646 now.