TechFlow news, according to sources, Bullish, a cryptocurrency exchange, is among several parties bidding for the defunct trading platform FTX. In addition to Bullish, Tribe Capital has also submitted its own acquisition offer. Its venture capital portfolio included FTX prior to its collapse and bankruptcy at the end of last year.
According to a filing submitted to the Delaware court, the FTX Group filed for bankruptcy protection in November and is currently conducting due diligence and information sharing with multiple parties to negotiate a "purchase, merger, recapitalization, or other transaction" to restart the company.
The court filing states that the exchange's bankruptcy administrators have contacted 75 bidders, and the deadline for new bids is September 24.
