According to ChainCatcher, under the leadership of CEO John J. Ray III, FTX debtors earlier shared plans to restart the crypto exchange FTX. Last Friday, FTX released the names of the parties allowed to sell the company's assets under Chapter 363 of the U.S. Bankruptcy Code.
According to court documents filed in the Delaware Bankruptcy Court on June 22, FTX’s advisory firm Alvarez & Marsal published a list of entities called “363 Selling Parties.” This represents entities that are interested in the relaunch of FTX 2.0 and have been contacted and signed non-disclosure agreements to seek more details about the reorganization and relaunch of the exchange.
Notable companies among the 363 selling parties include Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin. However, this is not an exclusive list of potential buyers or investors, but rather parties interested in the crypto exchange.
The FTX debtors plan to conduct the sale process in the third or fourth quarter of this year and select a “first bidder.” It is likely that one of these firms will be the first bidder.
Various companies are also planning to invest in FTX 2.0, and the John J. Ray III team is working on the bid process letters, interested parties, market maker onboarding, and the relaunch of FTX Japan. (Source link)
