Category: ftx relaunch

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FTT Crashes 30% As FTX Relaunch Hopes Fade: Is the Dream Over?

February 6, 2024

The dream of a revived FTX exchange evaporates, triggering a massive sell-off of its native token, FTT. According to Kaiko, on February 5, FTT, the now utility-free currency of the defunct exchange, plummeted over 30% last week, erasing much of its recent gains fueled by speculation of an FTX comeback.  FTX Won’t Resume Operations The…
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FTX creditors unimpressed with exchange’s bankruptcy exit plan

August 2, 2023

FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team. In a July 31 court…
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