A recent court hearing disclosed that FTX Trading is evaluating offers from three bidders to restart trading on then so-called ‘one of the largest cryptocurrency exchanges in the world’ before the company’s bankruptcy amid fraud accusations.
During the Tuesday court hearing in Wilmington, Delaware, the company’s investment banker, Mr. Kevin Cofsky of Perella Weinberg Partners, stated that the decision about the company’s next course of action will be made by mid-December.
FTX carefully considering investor offers that could be legally binding to decide which course of action will best revive the cryptocurrency exchange. Mr. Cofsky continued, “We are engaging with multiple parties every day,” withholding the bidders’ identities.
Mr. Cofsky told US bankruptcy judge John Dorsey that one possibility is to sell the exchange as a whole, along with a valuable customer list that numbers more than nine million. Or FTX might decide to restart the cryptocurrency exchange by itself, or with a partnership.
A few days prior, users of the bankrupt cryptocurrency exchange FTX were purportedly the target of a phishing scheme that offered them a unique opportunity to remove their assets from the defunct exchange right away.
