FTX could be revived, says new boss
New FTX boss says he could revive the disgraced crypto business. John Ray has established a task force to look into if he could bring back the fund - which collapsed in November - after it lost $32 billion in value before it was declared bankrupt. He told the Wall Street Journal he could potentially “recover more value” for investors, who were left unable to withdraw their money, after $8 billion vanished. This suggestion comes after the ex ‘King of Crypto’ Sam Bankman-Fried, who co-founded and ran FTX, was charged with defrauding customers and investors to quell debts accrued by his hedge fun...