FTX, a cryptocurrency exchange, is exploring options to revive its international trading platform, FTX.com, according to CEO John J. Ray III.
The exchange filed for bankruptcy in November after falling into a liquidity crunch and facing accusations of criminal misconduct by its founders and former executives.
Ray is considering whether reviving FTX.com would compensate customers better than selling or liquidating its assets.
The legal partner of the bankrupt Bahamas-based exchange revealed in a legal disclosure that FTX.com and FTX US had a “substantial shortfall of digital assets” and that the exchange lost $323 million in crypto assets to hacks after filing for bankruptcy and $426 million in crypto was transferred to Bahamian authorities.
However, the founder and former CEO Sam Bankman-Fried argued that the figures related to FTX US were inaccurate and claimed that the US arm is still solvent.
