is FTX Coming Back?
It seems like anything is possible in the crypto world. The ftx cryptocurrency exchange has gone bankrupt because of this many people have lost their hard-earned money. FTT is the coin for this exchange and I see that there is a spike in the price. The FTT coin price has gone up by 32% in a day after the announcement by the new chief of the FTX exchange.
It seems like people are waiting for the exchange to restart its operation. H per Di new chief of ftx exchange is considering all the possible options to restart the operations. He will also be exploring the option to repay the money to the people who have lost during the crash and if this happens then I think it is going to help a lot of people. This news can be good for the people who were still hoping to get their money back from the exchange benefit happens then I am sure it is going to be history in the crypto world.
Looking at the coin price it seems like people are still believing in the exchange as the current price for the point is more than 2 dollars. The token price should have gone to zero by now but it has not happened till now which means people are still holding the coin and believe that the exchange will start again. The coin is still listed in exchange is and the plant trading with a good volume.
FTX Token (FTT-USD) shot up 32% in Thursday afternoon trading after the new chief of FTX, John J. Ray III, said he's considering to possibly reviving the bankrupt cryptocurrency exchange as he works to recover lost assets to repay creditors.
I am not a user of the exchange and even I have never invested in the coin but I am feeling good for the people who may get their money back if the exchange restarts its operation. Sometimes even in the worst situation, we may expect some hope and in the situation, it seems like the new chief is going to make things right where there is a home for the people to get their funds back. If an exchange is not getting revived then obviously there is no way that people may get the money however by any chance of it happening then it's good.
People say that anything is possible in the cryptocurrency market too and it seems like this situation and scenario is going to be an example. It will be interesting to see how the new chief of the exchange manages to deal with legal proceedings and try to restart the exchange. SBF is already in the custody but still, we see some news about the FTX exchange and now after this media release hopefully things will start to move in the right direction.
Thank you so much Stay Safe
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