FTX scraps plan to revive exchange and will repay billions to customers
news.movim.eu / TheGuardian · Wednesday, 31 January - 17:31
Cryptocurrency exchange founded by Sam Bankman-Fried ‘an irresponsible sham created by a convicted felon’, lawyer says
FTX has abandoned efforts to restart its crypto exchange, instead opting to liquidate all assets and return funds to customers, a company attorney said on Wednesday.
The exchange, founded by Sam Bankman-Fried, has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild it, FTX attorney Andy Dietderich said at a bankruptcy court hearing in Delaware.Continue reading...