Breaking: New FTX CEO John J. Ray III Plans To Restart The Crypto Exchange

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, who in charge of restructuring Enron before, said that “if there is a path forward on that, then we will not only explore that, we’ll do it.”

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.

As things stand, the price of FTX token (FTT) is currently being traded at $2.41. This represents an increase of 30% in the past 1 hour, in contrast to its 68% jump during the last seven days, as per CoinGape’s crypto market tracker.

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