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According to FTX’s new CEO John Ray, the bankrupt cryptocurrency company is in talks with investors about a possible relaunch of the exchange through various entities. Exchange management is also discussing possible compensation for some existing customers, which could include the form of stakes in the new company.<br
California-based blockchain technology company Figure has already shown interest in the crypto exchange. FTX expects other investors to express interest this week.
New management has long been planning the launch of FTX 2.0 and demanding donations back from organizations and politicians. The Metropolitan Museum of Art in New York recently confirmed that it would return $500,000 in donations from FTX, adding that the decision was the result of “good faith negotiations” between the museum and the cryptocurrency exchange;
FTX recently filed a lawsuit against K5 Global, Mount Olympus Capital, SGN Albany Capital and their affiliates seeking a $700 million investment refund. According to the lawsuit, Sam Bankman-Fried, founder of the exchange, attended one of the many events organized by these companies. He then invested about $700 million in funds managed by these firms.