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Aditya Hadi Pratama · · 1 min read

FTX’s new CEO mulls crypto exchange’s revival

John Ray III, the new CEO of troubled crypto exchange FTX, said that he’s mulling the possibility of reviving the platform, The Wall Street Journal reported.

Ray said that some customers have praised FTX’s tech and suggested that there would be value in starting up the crypto exchange again.

Last November, Ray was appointed to find any loose change that may belong to FTX, which could be used to fill the difference between the company’s assets and the amount it owed to its customers.

Recently, the firm said that it had lost US$415 million to hacks targeting its international and US exchanges as well as its sister company Alameda Research.

See also: Singaporeans feel ‘betrayed’ by Temasek-backed FTX

Editing by Miguel Cordon and Lorenzo Kyle Subido

(And yes, we’re serious about ethics and transparency. More information here.)

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TIA Writer

Aditya Hadi Pratama

Writing about startup and technology in Indonesia, while reading biography and science fiction books.