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New FTX CEO John J Ray III Plans To Restart Crypto Exchange



Pratik Bhuyan

John J. Ray III, who just took over the position of chief executive officer at FTX, has stated that he is investigating the potential of restarting the defunct cryptocurrency exchange even as he works to repay the money owed to the company’s clients and creditors.

Ray stated, in the first interview he has given since taking over FTX in November, that he has established a task force to investigate the possibility of relaunching FTX.com, the primary international exchange operated by the company. According to him, even though high-level officials at FTX have been accused of criminal activity, a number of clients have lauded the company’s technology and suggested that there may be merit in rebooting the platform.

This is a developing story and is being frequently updated.

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.




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