The Wall Street JournalThe Wall Street Journal

FTX begins talks on reboot amid regulatory crackdown on crypto exchanges

By Alexander Saeedy

28 Jun 2023 · 4 min read

informed Summary

  1. FTX plans to restart its international cryptocurrency exchange, despite facing regulatory challenges and ongoing bankruptcy proceedings.

FTX is moving ahead with plans to restart its flagship international cryptocurrency exchange, an effort that will face major challenges as regulators ratchet up their oversight of the industry and the company works its way through bankruptcy proceedings.

The company “has begun the process of soliciting interested parties to the reboot of the exchange,” said Chief Executive John J. Ray III, who took over in November when the exchange filed for bankruptcy.

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