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Fortune

Ben Weiss

FTX estate continues to explore ‘FTX 2.0,’ reaching out to more than 75 bidders in reboot talks

FTX Figure John J Ray III Crypto Tribe Capital

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

The FTX estate has reached out to more than 75 bidders to evaluate the possibility of relaunching the bankrupt crypto exchange since at least May 2023, according to a stakeholder briefing released on Monday.

Bidders for FTX 2.0 were given a deadline of Sept. 24. “The process is designed to consider varying potential structures, including an acquisition, merger, recapitalization or other transaction to relaunch the FTX.com and/or FTX US exchanges,” according to the filing.

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