FTT, the native digital token for bankrupt cryptocurrency exchange FTX, rallied as much as 35 percent on Thursday after a report revealed that new CEO John J. Ray III is considering restarting the platform.
According to The Wall Street Journal, Ray has established a team to look at resuscitating FTX.com, the website that maintains non-U.S. clients. Ray and his team would determine if reviving the exchange would recover more value for the firm’s users rather than liquidating assets or selling the platform.
“Everything is on the table,” Ray told the newspaper. “If there is a path forward on that, then we will not only explore that, we’ll do it.”…