Apr 12, 2023 6:38 pm
Former FTX Head of Institutional Sales: FTX Should Relaunch
According to The Block, Zane Tackett, FTX's former director of institutional sales, said that FTX should restart and launch tokens that represent creditors' claims. According to Zane Tackett, creditors cannot do a fair price for the assets held by FTX, but it would be a huge benefit to be able to convert the debt into equity and obtain a share of FTX's investment. Additionally, claim tokens provide instant liquidity for those who want to sell their claims. Zane Tackett also said that there are some obstacles to the plan, such as the need for some creditor funds to restart, and failure will reduce the compensation available to creditors.