In a surprising turn of events, the bankruptcy-stricken crypto exchange FTX is on the verge of turning its revival plans into reality. This news-appointed CEO, John J. Ray III, is diligently working on a comprehensive reboot plan, as revealed in the latest court filings.
Back in January, John Ray provided hints regarding the reboot plan for the FTX exchange. The recent involvement of the new CEO, as evident from his filing report, reveals his activity engaging in various activities that could potentially contribute to the revival of the crypto exchange.
According to the filings, Ray dedicated approximately 7 hours to matters related to “2.0,” which is widely referred to FTX 2.0, the anticipated reboot of the exchange.
However, there is no tangible evidence suggesting a concrete plan for the relaunch of the exchange, apart from internal sketches.
In the midst of speculation surrounding the potential restart of the FTX exchange, its native token, FTT, witnessed a notable surge of 12% within the past 24 hours. As per Coinmarketcap data, the increased trading volume, reaching $27.2 million, reflects heightened activity from speculators.
