In a court document dated May 22, FTX filed a compensation report that outlined a number of actions taken by the exchange’s new manager, John Ray, regarding the bankruptcy and also mentioned a possible restart of FTX.
Plans to restart the site first became known back in January. At that time, the stock exchange owed creditors about $11.6 billion, of which the managers were only able to find $2.8 billion.
Over the past month, Ray has held a series of meetings to discuss planning for the structuring of the exchange, reviewing plans for re-registration, finalizing materials needed to restart the exchange, and commenting on the FTX 2.0 trading list.
Against this backdrop, FTT’s own token rose 9% in the last 24 hours and is now trading at $1.1.
In April, it became known that Tribe is considering a $250 million fundraising campaign to relaunch the failed FTX exchange.
The company plans to finance at least $100 million by itself, attracting its own partners.
Bloomberg also reported that FTX may use funds earmarked for payments to customers to restart its company.