FTX Token (FTT) Price Spikes 33% As New CEO John J. Ray III Plans To Restart Exchange

The value of FTX’s controversial FTT token increased by more than 33% after the newly appointed chief executive officer of the insolvent company, John J. Ray III, stated that he is investigating the prospect of relaunching the crypto exchange. The FTX Token’s (FTT) price hit $2.41 on the competing exchange Binance, which marks a gain of 73% over the last seven days.