TechFlow reports, according to CoinDesk, that two sources familiar with the matter said Silicon Valley investment firm Proof Group—part of the Fahrenheit consortium that successfully bid for the bankrupt cryptocurrency lending platform Celsius—is now participating in the bidding for FTX’s relaunch plan. Proof Group has also invested in crypto projects such as Aptos, Lightspark, and Sui.
In addition, financial technology company Figure has expressed interest in restarting FTX. Venture capital firm Tribe Capital has also submitted an acquisition proposal for FTX.
Perella Weinberg Partners, the investment bank involved in the bidding process, said the list of bidders has now been narrowed down to three companies. FTX plans to make a decision on its relaunch plan by mid-December. Other options under consideration include selling the entire exchange—including the list of more than 9 million customers—or bringing in a strategic partner.
