The rise in the market value of cryptocurrencies, led by Bitcoin, caused mining companies and exchanges operating in the field of cryptocurrencies to return to work again after they declared bankruptcy earlier.
The Wall Street Journal reported that the bankrupt cryptocurrency exchange FTX is studying the possibility of reviving its business again after a significant rise in cryptocurrency prices.
The newspaper said that John Ray, CEO of ftx exchange, took over in November, established a working group to explore restarting FTX exchange, the company’s main international exchange.
The CEO also said he would look at whether reviving FTX International would restore more value to the company’s clients than his team would get from simply liquidating assets or selling the platform.
FTX’s native FTT token is up nearly 30 percent following the report, according to gadgets360.
FTX founder and former CEO Sam Bankman-Fried said in a tweet, “I’m glad Mr. Ray is finally getting a lip service to restarting the exchange after months of crushing such efforts!