Documents show that FTX’s current CEO, John J. Ray III, spent 6.7 hours dealing with matters related to “2.0”, which is believed to refer to FTX 2.0, which restarted the exchange. To date, aside from some hypothetical statements, there is no evidence that there are concrete plans to restart the exchange beyond internal sketches, although Ray did not completely rule out the possibility.

However, industry insiders have expressed doubts about the feasibility of this plan, as ongoing technical flaws, especially high latency and software bugs, have plagued FTX from the beginning and led to its financial crisis in 2022. It would take a lot of work to fix FTX's trading engine and other flaws, and one could simply build a new exchange from scratch to avoid the negative repercussions associated with the FTX brand.

Earlier, the FTX User Alliance cited court documents saying that FTX's current CEO John J. Ray III has confirmed the FTX 2.0 plan, which includes reviewing the terms list of the exchange's restructuring plan, reviewing and finalizing the materials for launching the 2.0 version of the exchange, and reviewing the 2.0 bid list. (CoinDesk)