Really? Someone Wants to Buy Back FTX?

TL;DR

Somebody needs to purchase again FTX and relaunch it.

The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.

BUT, reviving a model related to one of many largest monetary frauds of all time, simply over a 12 months after all of it went up in flames? Don Draper in his prime could not enable you to there.

A call will likely be made by mid-December as a part of plans to be submitted to the Delaware chapter court docket for approval.

Full Story

What’s crazier than SBF testifying in his personal trial?

Do this: somebody needs to purchase again FTX and relaunch it.

Okay, so the primary query is: “Why?”

Let’s preserve issues constructive and begin with the professionals (yeah, they exist!):

FTX has managed to scrape collectively a cool $7.3B after going beneath, which isn’t any small chunk of change (even when they nonetheless owe $9B to their prospects).

The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.

FTX as a buying and selling platform was/is state-of-the-art.

As for the cons…

Reviving a model related to one of many largest monetary frauds of all time, simply over a 12 months after all of it went up in flames?

Don Draper in his prime could not enable you to there.

There’re in all probability a laundry checklist of different cons, but when the brand new patrons cannot rebuild belief with prospects, there is not any level speaking about them.

So, is that this truly going to occur any time quickly?

Yeah, kinda.

At the least, a call will likely be made by mid-December as a part of plans to be submitted to the Delaware chapter court docket for approval.

Then we’ll see if we’re lastly performed with all of this FTX drama or if we’re in for one more journey.