Diksia.com - NEW YORK – FTX, previously declared bankrupt, is set to breathe life back into its international cryptocurrency exchange platform.
The company has engaged in discussions with investors regarding potential support to relaunch the FTX.com exchange platform through a joint venture-like structure.
However, FTX debtors have declined to comment on these reports.
In November of last year, FTX filed for Chapter 11 bankruptcy protection in the United States following its spectacular collapse, sending shockwaves through the digital asset industry.
In the lead-up to its downfall, FTX customers opted to withdraw billions of US dollars, causing the company’s liquidity to stumble.
Additionally, the rescue deal with Binance fell through, triggering the highest-profile collapse of a crypto firm in recent years.
Since then, the crypto industry has been staggering under the scrutiny of global regulators, while FTX founder Bankman-Fried faces criminal charges brought by the US government for alleged fraud.
