“FTT price surges on news of FTX exchange reopening”

The FTX exchange continues to be one of the main agenda items of the cryptocurrency market. There was an important development that the stock market, which went bankrupt in November, could be reopened. After this news, FTT price started to rise rapidly.

In a report published by Bloomberg yesterday evening, it was claimed that Tribe Capital was trying to raise funds for the reboot of FTX. According to the news based on anonymous sources, the giant investment company held a meeting with the creditors committee of the stock market in January. It was stated that a fund of 250 million dollars could be collected in this process.

Exchange managers have not yet given a clear answer to this offer of Tribe Capital, one of the investors of FTX. It is stated that Tribe Capital’s offer includes FTX US, FTX Australia, FTX Japan, FTX EU, FTX International and LedgerX organizations with 9 million customers.

After the spread of this news, the price of FTX Token (FTT) saw a rapid rise. The controversial altcoin rose from $1.90 to $2.30 in the process.

Shortly after the news, an official statement came from the creditors committee of the FTX exchange. In the statement made on Twitter, it was emphasized that the administration is currently focusing on returning users’ money. It was also stated that there is no calendar for the resumption of the exchange:

“The committee is working to consider all options to restart or sell FTX exchanges and create value for creditors. There is currently no firm timeline for the resumption or sale of exchanges.”

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