The new CEO of the cryptocurrency exchange revealed that he is looking into the possibility of restarting the business as FTX news faded in recent weeks.
In an interview, John Ray III, the new CEO of FTX, declared that “everything is on the table” in terms of reviving the company’s international exchange. He also announced the formation of a task force to investigate the possibility. As he and others try to recover lost funds, the WSJ also reported that Ray is investigating whether reviving the primary international exchange would benefit the company’s clients and creditors more. A company statement from earlier this week claimed that FTX debtors had located $1.7 billion in cash, $3.5 billion in cryptocurrency, and $3 million in securities. To evaluate the firm’s financial situation, Ray said it would take a “herculean” effort to add up all of these liquid assets, which come to about $5.5 billion in total.