{"id":290642,"date":"2023-01-19T17:10:56","date_gmt":"2023-01-19T17:10:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=290642"},"modified":"2023-08-09T04:10:55","modified_gmt":"2023-08-09T03:10:55","slug":"ftx-ceo-john-ray-creates-taskforce-to-explore-restarting-exchange","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ftx-ceo-john-ray-creates-taskforce-to-explore-restarting-exchange\/","title":{"rendered":"FTX CEO John Ray creates taskforce to explore restarting exchange"},"content":{"rendered":"

FTX CEO John Ray III is investigating the possibility of relaunching the now-defunct cryptocurrency exchange, The<\/em> Wall Street Journal <\/em>reported<\/a> Jan. 19.\u00a0<\/span><\/p>\n

The CEO told the Journal<\/em> that he had created a task force to investigate relaunching FTX.com, the company's primary international exchange. He <\/span>said:<\/span><\/p>\n

\u201cEverything is on the table. If there is a path forward on that, then we will not only explore that, we\u2019ll do it.\u201d<\/p><\/blockquote>\n

While FTX officials have been accused of criminal activity, several clients have praised the company's technology, suggesting that it might warrant a reboot, according to Ray.<\/span><\/p>\n

On Nov. 11, 2022, FTX filed<\/a> for bankruptcy, leading to\u00a0 a significant downturn in the crypto market. Investors, customers, and lenders all suffered losses exceeding $10 billion<\/a> due to the collapse. <\/span><\/p>\n

However, FTX announced on Jan. 11 that it had recovered over $5 billion<\/a> worth of funds comprised of cash, investments, and liquid cryptocurrencies.<\/span><\/p>\n

Following the recent update, FTT<\/a>, the native token of FTX, grew by 37% within a few hours.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

FTX CEO John Ray III is investigating the possibility of relaunching the now-defunct cryptocurrency exchange, The Wall Street Journal reported Jan. 19.\u00a0 The CEO told the Journal that he had created a task force to investigate relaunching FTX.com, the company’s primary international exchange. He said: \u201cEverything is on the table. If there is a path […]<\/p>\n","protected":false},"author":1393,"featured_media":346228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,77873,39,77968],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nFTX CEO John Ray creates taskforce to explore restarting exchange<\/title>\n<meta name=\"description\" content=\"FTX's CEO stated that \u2018everything is on the table\u2019 and if there is a path forward, FTX will explore it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ftx-ceo-john-ray-creates-taskforce-to-explore-restarting-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX CEO John Ray creates taskforce to explore restarting exchange\" \/>\n<meta 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