FTX Begins Negotiations on Relaunch, Discussion include Existing Customer Compensation Plan

FTX has started negotiations with investors regarding the reopening of the exchange, including discussions on existing customer compensation methods. According to The Wall Street Journal, FTX's current CEO, John J. Ray III, stated that the company "has begun soliciting interested parties for the reopening of http://FTX.com."

Insiders have revealed that FTX has been engaged in early-stage negotiations with investors, exploring potential structures such as joint ventures to support the relaunch of http://FTX.com. As part of any relaunch, FTX may consider rebranding as well.

The negotiations involve the possibility of providing compensation to certain existing customers, which may involve offering them shares in any restructured entity. Blockchain technology company Figure has expressed interest in assisting with the reopening of FTX.

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