Bidding Deadline, Relaunch Plans for FTX 2.0 Revealed
The FTX Relaunch Plans This is expected to bring about a revival in the market activity that had been subdued following the implosion of the market in November 2022. So far, the FTX estate has contacted over 75 bidders as a way of measuring industry players’ interest in supporting the re launch of the cryptocurrency exchange. Several bids have been submitted and are currently being scrutinized. advertisement Precisely, managers of the estate have confirmed that due diligence and information sharing are ongoing. The deadline for the submission of new bids has been scheduled for September 24th. Coingape recently reported that TRON founder Justin Sun is considering bidding for the exchange’s tokens and assets. Potential structures for the launch of FTX 2.0 are been considered. Based on a filing, it could either be “an acquisition, merger, recapitalization or other transaction to re launch the FTX.com and/or FTX US exchanges.” On October 16th, the...