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FTX CEO’s Legal Billings Continue to Hint at ‘2.0 Reboot’

source-logo  coinpedia.org 23 May 2023 00:21, UTC

Sensational news is coming from the world of cryptocurrencies as FTX CEO, John Ray III, hints at a potential ‘2.0 reboot’ for the renowned cryptocurrency exchange.

John Ray III, who was appointed as the new CEO of the FTX exchange to oversee the Chapter 11 bankruptcy process, hinted about the possibility of restarting the exchange in a tweet back in January.

Apparently, fresh entries on his most recent billing statement indicate work is underway in that direction.

Court documents, reveal that Ray dedicated approximately 6.5 hours to tasks related to the enigmatic “2.0” aspect, which is widely believed to reference FTX 2.0—the ambitious reboot of the exchange.

In an earlier interview with CNBC, John Ray stated that “Everything is on the table,” Ray told the Journal in January. “If there is a path forward on that, then we will not only explore that, we’ll do it.”

This announcement has sparked curiosity and excitement within the industry and beyond. Notably, the FTX coin FTT experienced a surge of 33% on Binance.

Sharing his thoughts on Twitter, Ex-CEO of FTX Sam-Bankman-Fried wrote that he was “glad Mr. Ray is finally paying lip service to turn the exchange back on after months of squashing such efforts!”

While the exact details of this transformative initiative remain undisclosed, the CEO’s actions hint at a strong determination to adapt and thrive in the face of regulatory scrutiny.

The market eagerly awaits further updates and announcements regarding this transformative chapter in FTX’s journey.

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