TechFlow reported, the FTX Users' Alliance tweeted that the reserve price for the FTX 2.0 auction will be announced on October 16, with fund recovery efforts concentrated in November, involving a risk exposure of approximately $13 billion over a 15-day period.
Previously, it was reported that FTX has contacted more than 75 potential bidders to assess the possibility of relaunching the exchange.
The bidding deadline for FTX 2.0 is September 24. This process aims to consider various potential structures, including acquisition, merger, recapitalization, or other transactions, to restart either FTX.com or FTX US.
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