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Fortune

Marco Quiroz-Gutierrez

FTT jumps as much as 33% on news of potential FTX 'reboot'

FTX FTT John J Ray III Crypto

John J. Ray III (Credit: Nathan Howard—Getty Images)

FTT, a utility token by the failed crypto exchange FTX, jumped double digits on Wednesday after a report that the company’s caretaker CEO has moved closer to restarting the company.

The cryptocurrency skyrocketed 33% over the past day, reaching a high of $1.75, after its price cratered in the wake of FTX declaring bankruptcy. FTT had reached a high of $79 in 2021, but plummeted below $1 by December 2022.

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We Got This Covered

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