FTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'

The caller CEO of FTX, John Ray III, appointed to negociate the disgraced exchange’s bankruptcy process, hinted successful January that the speech could beryllium rebooted.

Now, caller items connected his latest billing study suggest determination is enactment underway to bash conscionable that.

Filings show that Ray spent 6.7 hours connected items related to “2.0” which is thought to mean FTX 2.0, a reboot of the exchange.

To date, determination is nary evidence, speech from hypothetical statements, that determination is simply a factual program to restart the speech speech from interior sketches, though Ray has not ruled it retired entirely.

“Everything is connected the table,” Ray told the Journal successful January. “If determination is simply a way guardant connected that, past we volition not lone research that, we’ll bash it.”

In April, Andy Dietderich, FTX's pb attorney, suggested that the cryptocurrency speech whitethorn perchance restart operations, an enactment that would necessitate important superior and mightiness connection customers involvement successful the aboriginal exchange, though helium stressed that this is 1 of galore possibilities and decisions are acold from final.

However, manufacture insiders person casted doubts connected the viability of specified a plan owed to persistent method deficiencies, notably precocious latency, and bundle bugs, that plagued FTX from its inception and played a portion successful its fiscal illness successful 2022.

With each the enactment that would beryllium required to bring hole FTX’s trading motor and different bugs, 1 could simply physique a caller speech from the crushed up – minus the baggage associated with the name.