New CEO John J. Ray III told The Wall Street Journal that the company is exploring the possibility of reviving the bankrupt FTX.
Ray said that while former CEO Sam Bankman-Freed and executives have been accused of criminal conduct, customers may see value in FTX’s technology and getting FTX back on its feet.
“Everything is under consideration. If there is a way forward, we will not only explore it, we will implement it.”
FTX’s exchange token, FTT, surged 33% on Binance following the news.
Lay said the decision to reopen FTX will be a matter of whether it can recover its customers, rather than simply liquidating assets or selling the platform.
In an interview, Ray also criticized Bankman-Fried’s comments to the media and elsewhere as unhelpful. Bankman-Fried criticized Ray’s decision, saying FTX did not have to file for Chapter 11 bankruptcy protection.
“We don’t have to talk to him. He doesn’t tell me anything I don’t know yet.”
In a text message to The Wall Street Journal, Bankman-Fried replied, “Shocking and reprehensible comments from someone pretending to care about their customers.”
In a tweet after the article was published, he wrote, “I’m glad Ray finally gave me lip service to get the exchange back together after months of squashing those efforts!”
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: CoinDesk (capture)
｜Original: New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal