Jesse Powell, co-founder of Kraken, has expressed concerns about plans to relaunch the bankrupt FTX exchange. This comes following the recent development in the international arm of the exchange, FTX.com, reboot plans.
Auction Off The FTX Domain And Trademark, Jesse Powell Says
On Wednesday, August 2, Kraken co-founder Jesse Powell tweeted his concerns about the plans to relaunch the FTX exchange. This was in response to another tweet by a former FTX user, agreeing that the exchange relaunch is “unnecessary.”
Powell believes that going ahead with the FTX 2.0 plans will be “worse than starting from scratch,” as there is no adequate framework to initiate such a process. He said the exchange has “no team, no tech, no licenses, no banking, and a tarnished brand.”
The Kraken co-founder advised the trustee to “auction off the FTX domain and trademark to the highest bidder.” He claims the relaunch is simply a “fee…
