A company run by former New York Stock Exchange chief Tom Farley is one of three companies bidding for the remaining assets of FTX, whose auction is in its final stages. Bullish, a cryptocurrency trading platform run by Farley, fintech startup Figure Technologies and crypto venture capital firm Proof Group are vying to acquire FTX, according to people familiar with the matter. The winning bidder can restart the trading platform after it plans to exit bankruptcy proceedings next year. (Wall Street Journal)

Silicon Valley investment firm Proof Group, part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lending platform Celsius, is bidding to revive FTX, according to two people familiar with the matter. (CoinDesk) According to previous news, FTX is considering proposals from three bidders to restart the exchange and will make a decision on how to proceed by mid-December. FTX is currently negotiating with investors on the details of a potentially binding offer.

FTX is considering proposals from three bidders to relaunch the exchange and will make a decision on how to proceed by mid-December. FTX is currently negotiating with investors on the details of a potentially binding offer. Among the possible options are selling the entire exchange, including a list of more than 9 million customers, or bringing in partners to help restart the exchange. FTX is also considering restarting the exchange itself. FTX and its major creditor group have tentatively resolved some disputes in the case, which will allow it to submit a detailed payment plan in December. (Bloomberg)

According to the Wall Street Journal, FTX CEO John J. Ray III said that negotiations have begun with interested parties to restart the FTX.com exchange. FTX has been in talks with investors to support a possible restart of the FTX.com exchange through structures such as joint ventures, the people said. Additionally, FTX may be rebranded as part of the restart. The talks include possible compensation to some existing customers, possibly by offering them a stake in the restructured entity, the people said. Figure, a blockchain technology company, has expressed interest in helping to restart FTX, according to people familiar with the matter.

Australian cryptocurrency exchange TrigonX is set to relaunch, having gone through a corporate arrangement and creditor approval, The Australian reports. Founded in 2014, TrigonX was one of many institutions affected by FTX's sudden bankruptcy. It was over $50 million in debt after FTX's collapse, unable to meet withdrawal requests, and appointed administrators on December 16, 2022.

The official committee of FTX unsecured creditors tweeted that it is working with debtors to evaluate all options to restart or sell FTX and create value for creditors. There is currently no clear timetable for restarting or selling the exchange. Parties interested in purchasing or sponsoring the FTX exchange reboot should contact the debtors and the Commission before starting the formal process. The Committee will continue to update creditors on developments. Foresight News previously reported that, according to Bloomberg citing people familiar with the matter, Tribe Capital plans to inject capital to restart the FTX cryptocurrency exchange.

After the news that "FTX's chief lawyer Andy Dietderich stated at the court hearing that FTX has recovered $7.3 billion in liquid assets and may consider restarting in the second quarter", according to CoinGecko data, the price of FTT tokens rose by 89.2%. It rose to its highest level since late January.

FTX creditors tweeted, citing disclosure documents, that FTX Japan canceled the auction due to its planned restart. "Japan provides an update on next steps for possible reopening of exchanges, follow-up and guidance on work needed to reopen trading," the document said. Foresight News previously reported that FTX Japan resumed fiat and cryptocurrency withdrawals for users on February 21 local time.

Twitter user FTX 2.0pium (FTX Creditor) tweeted that according to the latest FTX fee report, the vague "FTX 2.0" restart in the previous document has more conclusive terms and relevant information. This includes creating simulated transactions to test user experience, tax analysis of potential restart scenarios, and security analysis.