FTX 2.0: crypto exchange to lay out reboot plan

FTX has contacted more than 75 bidders since May to gauge industry interest in supporting the reopening of the exchange, according to a presentation filed in Delaware state court.

Several bidders have submitted proposals that are currently going through the due diligence and information exchange process, the legacy managers said, and the deadline for submitting new proposals is Sept. 24.

A plan to relaunch a new version of the defunct cryptocurrency exchange could come as early as next year.

In case you’re new to this, FTX was one of the world’s largest digital asset trading platforms prior to its bankruptcy.

It was a key part of a cryptocurrency empire controlled by its now-jailed CEO Sam Bankman-Fried, who faces trial next month on fraud and other charges.

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