TechFlow news — On June 28, according to The Wall Street Journal, John J. Ray III, current CEO of FTX, said that he has begun negotiations with interested parties about restarting the FTX.com exchange. Sources familiar with the matter said FTX has been in talks with investors regarding potential relaunch structures for FTX.com, possibly through joint ventures or similar arrangements. Additionally, as part of the restart, FTX may undergo a rebranding.
Sources indicated that discussions include possible compensation for certain existing customers, potentially by offering them equity in the restructured entity. The blockchain technology company Figure has expressed interest in helping revive FTX, according to sources.
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