The crypto exchange FTX declared bankruptcy almost exactly a year ago, and Sam Bankman-Fried, its cofounder and former CEO, has been convicted of seven counts of fraud in one of the most high-profile white-collar crime trials in recent memory.
However, this legacy of failure and fraud hasn't discouraged deep-pocketed investors from making a play to revive Bankman-Fried's crypto exchange. The FTX estate, led by John J. Ray III, reached out to more than 75 bidders interested in rebooting the company, and now there are three finalists, according to reports from CoinDesk and the Wall Street Journal: Bullish, a crypto exchange led by former New York Stock Exchange president Tom Farley; Figure Technologies, a fintech startup; and Proof Group, a private investment firm.
