FTX's Comeback: CEO In Negotiations With Potential Partners

Cryptocurrency exchange FTX, currently in bankruptcy, 

is progressing towards a potential relaunch as a new platform. FTX's restructuring leader, John Ray, has reportedly begun inviting bids to fund the project. Potential investors have been given until the end of the week to submit their terms of interest. Current creditors of FTX could receive a stake in the rebooted exchange as compensation. The relaunched platform is not expected to carry the same name. Despite facing legal challenges and a $2 billion deficit, FTX's new exchange is projected to be operational by the second quarter of 2024.