News Explorer — 3 High-profile Bidders, Including Bullish, Are Competing to Reboot FTX, With Support From SEC Chairman Gary Gensler

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Nov 9, 5:26 am

Unchained Crypto

3 High-profile Bidders, Including Bullish, Are Competing to Reboot FTX, With Support From SEC Chairman Gary Gensler

The possibility of a FTX reboot is becoming more likely, with three prominent bidders vying for the winning bid and support from SEC Chairman Gary Gensler. Bullish, a crypto exchange led by Tom Farley, is one of the bidders, while the SEC chairman expressed approval as long as the exchange operates within the law and maintains investor trust. The FTX bankruptcy estate is currently evaluating offers from three suitors, with $7.3 billion worth of recovered assets.

The possibility of a FTX reboot is becoming more likely, with three prominent bidders vying for the winning bid and support from SEC Chairman Gary Gensler. Bullish, a crypto exchange led by Tom Farley, is one of the bidders, while the SEC chairman expressed approval as long as the exchange operates within the law and maintains investor trust. The FTX bankruptcy estate is currently evaluating offers from three suitors, with $7.3 billion worth of recovered assets.

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