In November, FTX was one of the world’s top crypto exchanges before it declared bankruptcy amid allegations it had misused customer funds. Two months later, John Ray—the executive charged with overseeing the company’s bankruptcy—said that he is exploring the possibility of reviving the exchange.
In an interview published by the Wall Street Journal on Thursday, Ray said that he set up a task force to consider restarting FTX.com, where millions of users have frozen assets. The priority for his team is recovering maximum value for the customer’s companies, which he said could also come from liquidating assets or selling the platform.
