TechFlow news, November 19 — According to FTX creditor Arush, there were three final bidders with substantial financial capacity for the FTX 2.0 relaunch project, but the proposal was ultimately rejected by the bankruptcy attorneys.
Arush revealed that he was recruited by Arj to lead the FTX 2.0 relaunch bid, and their consortium became one of the three final bidders. The three bidders were: Arj/Tribe jointly with an undisclosed public exchange; Thomas Farley's Bullish; and Mike Cagney's Figure. Each bid reportedly included a significant equity component that could have delivered tens of billions of dollars in value to FTX creditors.
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