FTX 'Reboot' Talks Begin and Send FTT Token Soaring 15%
Bankrupt crypto exchange FTX would likely rebrand as part of any restart, according to reports.
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Bankrupt crypto exchange FTX would likely rebrand as part of any restart, according to reports.
FTX token (FTT), the native digital currency of the bankrupt FTX Derivatives Exchange, has recorded very impressive daily growth today. The FTT token soared by 15% in an apparent resurgence to peg its price at $1.31, as it is now making an apparent move to recover from the lows of the past month.
Recent on-chain activity involving the Ethereum address ‘0xd275e‘ has caught the attention of the crypto community. Through CryptoSlate‘s on-chain analysis, no concrete evidence pointing to the owner of the account has been discovered.
Binance CEO Changpeng Zhao, popularly known as "CZ' on Tuesday pushed back against speculations that the world's largest cryptocurrency exchange sold its Bitcoin (CRYPTO: BTC) holdings. What Happened: In a tweet on Tuesday, Zhao refuted the claims, stating that “Binance have not sold BTC or BNB.
Former NBA star Shaquille O'Neal, has been sued once again over his involvement in cryptocurrency promotions. What Happened: This time, O'Neal is facing a proposed class action in Florida federal court, alleging that he violated securities laws by selling unregistered tokens in connection to Astrals NFT Project.
FTX's new management, led by CEO John J. Ray III, is considering a rebirth of Sam Bankman-Fried's defunct crypto exchange, according to the latest legal billings.
Bankrupt FTX's native token FTT surged more than 10% after court filings showed CEO John J. Ray III has considered a restart plan for the failed exchange.
FTX has made headlines again as FTX 2.0 plans with CEO John Ray III at the helm made rounds. The news drove FTT 8% up as the FTX cryptocurrency exchange is poised for a revival.
The bankrupt crypto exchange FTX has announced it will be relaunched by new management under the leadership of current CEO John Ray III.
A recent court filing made by FTX's bankruptcy estate revealed that current CEO John Ray III spent several hours last month working on a revival plot for the bankrupt crypto exchange. The news led to a 7% surge in FTT's price.
IRS filed $44B through 45 claims against FTX exchange. FTT token is considered illegal along with XRP and others.
Binance posted a message to say that today a list of 18 tokens will be moved to the Innovation Zone. This list consists of FTX (FTT), Voyager (VGX), BitShares (BTS), WazirX (WRX) and others.
FTT Token, the native coin of the failed crypto exchange FTX, is experiencing a slide in today's trading session. While it started the trading day negatively, it showed no recovery and further declined in price, recording up to an 8% loss and finding a spot in the top 3 losers in the sector.
European customers of FTX (issuer of the FTT token), the crypto exchange founded by Sam Bankman-Fried, were left in a state of shock and disappointment when the exchange declared bankruptcy last November.
Tribe Capital is offering a $250 million package to reboot the bankrupt FTX crypto exchange, leading to the FTX token (FTT) rising by 20%.
FTX's potential plan to restart the exchange has drawn the interest of the popular VC firm Tribe Capital. The renewed interest in the exchange's reboot lead to a 22% surge in $FTT's price.
The cryptocurrency landscape is witnessing renewed interest, as Space ID's massive $2.4 billion launchpad garners attention and FTT tokens experience skyrocketing on-chain activity amid rumors of an FTX revival. Both developments signal the continuous expansion and innovation in the digital asset sector.
As the news of FTX's revival broke, there was a spike in the creation of new FTT addresses. However, FTT's future is still under question as a few market indicators were bearish.
After the news broke out that the bankrupt cryptocurrency trading platform FTX had recovered more than $7.3 billion in cash and liquid crypto assets and its attorney hinted that the crypto exchange could reopen at some point in the future, the FTX Token (FTT) has experienced a significant increase in on-chain activity.
The token's price doubled yesterday, yet its recent gains have now been partially pared back.
FTT whale trading activity raises eyebrows.
Amid the news of an FTX comeback started making rounds, the FTT token seems to be on for a comeback. The token has recorded a surge of close to 80% since the news made round.
FTX's lead attorney said that restarting the exchange would require significant capital and there was an internal debate about whether this money should come from FTX's estate capital or through third-party capital.
FTX Token (FTT) is currently one of the top gainers in the crypto market in the last day as the coin rose over 100%. This sudden growth was triggered by an announcement that said the bankrupt FTX exchange could possibly reopen for business soon.