If you’ve heard of crypto before then you will probably know about FTX even if you haven’t there is a good chance you will know the drama of the FTX collapse and the criminal charges against Sam Bankman-Fried.

The Wall Street Journal Spoke to an official at FTX who said they are “soliciting interested parties to the reboot of FTX.com exchange.”

They are however not going to be called FTX anymore. It is expected they will rebrand to a new name and continue operations from there.

How successful this “relaunch” will be I do not know. The whole CEO stealing from his clients thing put a big red flag on anything FTX and I expect that will carry over to whatever they rebrand to. 

They will also have almost no customers because anyone who has been following this story will associate FTX with being the most untrustworthy exchange out there.

There are some positives to this though. Because of all this chat about relaunch FTT (native token of FTX) has risen in price dramatically. Obviously it will probably never be where it was before the crash but it still might go up 10-30%.

Until next time Happy Cryptoing!

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This is was not intended to be investment advice! The article you have just read was written by an incompetent fool. Please always double check the facts and do your own research.