Post
Topic
Board Altcoin Discussion
Re: Is FTX going for a reopen?
by
Wiwo
on 20/01/2023, 16:58:54 UTC
GM crypto fam.

As I was doing my usual Friday market check-in, I came across an unbelievable story about a new FTX CEO wanting to reopen FTX, and FTT token surged 30% on the news.

I'm really curious to hear your opinion about this. Is there something I'm missing? Why would anyone be willing to go back to FTX after what it did to the industry?


Sources:

https://www.bloomberg.com/news/articles/2023-01-19/ftx-token-jumps-after-new-ceo-says-exchange-could-restart

https://app.getresponse.com/view.html?x=a62b&m=BVDWtR&mc=9Q&s=BtgXWnG&u=QcLhh&z=ECFYM10&
If you have been following up with recent development and events surrounding the FTX crisis, you will know that a huge amount of FTX funds stolen from the exchange to personal wallet have been recovered.  So everything is set to begin again for FTX to launch their operations, but then the big question now will be.   How and when do investors who lost money during this FTX bankruptcy get their balance back in on their account with the exchange?
The new development is big positive news in the cryptocurrency space and quite a good number of coins are already showing a positive attitude which results in a few percentage of increase in their price.