FTX considers a revamp – Will it give the troubled exchange a | Crypto Portal

FTX considers a revamp – Will it give the troubled exchange a second chance?

Partnership, sale, or independent reorganization on the horizon
Perella Weinberg Partners, tasked with investigating restructuring and capital market opportunities for FTX Group, has been engaging with various parties interested in acquiring the exchange’s legacy assets or partnering with the debtors for a potential relaunch.

Agreed “Amended Plan” in the works
FTX and its affiliated debtors proposed a “Customer Shortfall Settlement” last week to address long-standing customer property disputes. This settlement, part of an “Amended Plan,” is expected to be submitted to the Bankruptcy Court by 16 December.