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?
Do you really think that a company who siphoned customer funds will be able to regain the trust of investors. That ship has sailed and even if they want to re open the exchange, hardly you will see any investors trusting their funds with the exchange. First they need to refund the money stolen from the users and if they are able to settle everything which is highly unlikely they can open.