The new FTX CEO confirmed FTX 2.0 on court documents

There were rumours that FTX could undergo a relaunch somewhere down the line after the initial smoke had cleared, there were alot of assets and proprietary infra that could make the business viable (of course would likely need a rebrand) and that seems to be the long term vision. Some recently published court documents on kroll outline the monthly activities done by the firm and on page 16 it says: Review and finalize 2.0 reboot of exchange material for distribution Because they’re so deep in the whole, id imagine it would be structured somewhat similar to Celsius where private equity/VCs would get an opportunity to get a piece and then creditors would be issued token shares on account of liquidity shortfalls. Obviously this would be incredibly scandalous and regulatory approval would be even more rigorous than usual because of the high profile, but its good to see that theres an end goal rather than a straight up liquidation. submitted by /u/marsangelo [link] [comments]
http://dlvr.it/SpSpmh