The local token of the stock market, FTT, has been on the rise as the bankrupt cryptocurrency exchange FTX started negotiations with investors to reactivate.
Bankruptcy in the cryptocurrency market causing billions of dollars in damage FTX has moved on to return. In the news presented by the Wall Street Journal (WSJ), FTX of the façade with relevant investors It was stated that negotiations started.
Sources familiar with the subject, FTX operations potentially reboot for managers a joint venture that it is in search of a preliminary negotiations recorded.
Sources are likely to be part of the FTX rollback process. will be rebranded and stated that it will appear in front of its customers under this new brand name. According to the sources, within the scope of preliminary negotiations, investors share of shares in this new company will be offered.
On the other hand, one of the enthusiastic parties to support the restructuring process of FTX is the developer of the blockchain. figure became the company. Figure, bankrupt Celsius Network (CEL) He also appeared on the stage in the restructuring plan, but his bid was not sufficient to win the tender.
Appointed as CEO of FTX after bankruptcy John J RayIn his statement on the subject, he made the following statement:
We have started the process of negotiating with the relevant parties for the relaunch of the FTX exchange.
Sudden rise in FTT price
FTT, which was activated by the effect of the news flow, significant rise in a short time. testified. especially the rise in the last 1 week It flared up with developments from the FTX front.
CoinGecko in the last 24 hours, based on data provided by 18% rise FTT, which performs $1.21 from the level for $1.43 climbed up. However, in the last 1 week FTT 48% rise exhibited attention. FTT at the time of writing 1.42 traded in dollars.