The bankrupt cryptocurrency exchange FTX has attracted interest from several potential buyers looking to restart trading on the platform, according to recent court testimony.
At least three bidders remain in discussions with FTX about acquiring the company’s assets and customer base of over 9 million users. FTX’s bankruptcy advisor Kevin Cofsky said a decision could be made by mid-December between selling the exchange, partnering with an outside firm to relaunch it, or using a “stalking horse” bid to kickstart an auction process.
Keypoints
- FTX has received multiple bids from potential buyers interested in restarting the crypto exchange, which filed for bankruptcy last November. At least 3 bidders are still in the running.
- A decision on selling or restarting FTX could be made by mid-December. The bankruptcy court needs to approve any deal.
- Options on the table include selling FTX entirely, including its valuable…
