Really? Someone Wants to Buy Back FTX?

TL;DR

• Somebody needs to purchase again FTX and relaunch it.

• The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.

• BUT, reviving a model related to one of many largest monetary frauds of all time, simply over a yr after all of it went up in flames? Don Draper in his prime could not enable you there.

• A call shall be made by mid-December as a part of plans to be submitted to the Delaware chapter courtroom for approval.

Full Story

What’s crazier than SBF testifying in his personal trial?

Do this: somebody needs to purchase again FTX and relaunch it.

Okay, so the primary query is: “Why?”

Let’s hold issues constructive and begin with the professionals (yeah, they exist!):

• FTX has managed to scrape collectively a cool $7.3B after going below, which is not any small chunk of change (even when they nonetheless owe $9B to their clients).

• The platform had/has 9 million customers. That is sufficient to maintain a really wholesome buying and selling enterprise.

• FTX as a buying and selling platform was/is cutting-edge.

As for the cons…

• Reviving a model related to one of many largest monetary frauds of all time, simply over a yr after all of it went up in flames?

  Don Draper in his prime could not enable you there.

There’re in all probability a laundry record of different cons, but when the brand new consumers cannot rebuild belief with clients, there is no level speaking about them.

So, is that this really going to occur any time quickly?

Yeah, kinda.

At the least, a call shall be made by mid-December as a part of plans to be submitted to the Delaware chapter courtroom for approval.

Then we’ll see if we’re lastly performed with all of this FTX drama or if we’re in for an additional experience.