​FTX’s new chief allows the possibility of the restart of the bankrupt exchange

What’s new? FTX’s new CEO John J. Ray has said that he is considering reviving the bankrupt crypto exchange. In an interview with The Wall Street Journal, he revealed that he has created a task force to study options for restarting the platform. Even though the former executives of the exchange are under investigation, some customers have suggested that reviving it could be beneficial, Ray added. The FTX (FTT) exchange’s token responded to the announcement with a 26,3% rise and is trading at $2,26 as of January 20, 07:50 UTC, according to CoinGecko.

The WSJ’s material

What else did FTX’s new chief say? Ray will explore whether reviving the FTX international exchange could return more money to the company’s customers than his team would have gained from simply liquidating assets or selling the platform.

Former FTX CEO Sam Bankman-Fried responded to Ray’s statement, writing on Twitter that he is “still waiting for him to finally admit FTX US is solvent and give customers their money back.” According to Bankman-Fried, he is “glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts!”

I'm glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts!I'm still waiting for him to finally admit FTX US is solvent and give customers their money back...https://t.co/XjcyYFsoU0https://t.co/SdvMIMXQ5K — SBF (@SBF_FTX) January 19, 2023

Bankman-Fried allowed the possibility of exchange to resume operations back in November. He said he believed in potential investors while noting that he could not promise anything to former colleagues because the situation was not up to him. Later, Bankman-Fried said that the new exchange team refused to contact him.

In December, Ran Neuner, the host of CNBC’s Crypto Trader, proposed restarting FTX. His plan included issuing a new exchange token and then distributing it to creditors and customers. Another of Neuner’s ideas was to distribute 100% of the platform’s profits to FTT token holders. At the time, the asset responded with a 44,36% increase, and Bankman-Fried called the proposal productive