FTX Planning a Restart
One of the bizarre crypto stories that one should watch out for this new week is the new CEO of FTX coming out to say the collapsed crypto exchange may try to restart. Despite the huge controversy and eyebrows it raised within the crypto community, the new FTX CEO maintained that anything could happen with FTX.
Users have slammed the idea of FTX's new CEO coming out to say the collapsed crypto exchange could be restarted any time soon. Some community members said anyone who traded with the new FTX exchange upon its restart would have themselves to blame.
FTX isn't the only fallen crypto exchange looking to make a restart after making away with their users' funds. The founders of failed crypto hedge fund 3AC, Su Zhu and Kyle Davies, have also revealed they are looking for investors to join them to restart their fallen crypto firm.
The two founders are currently trying to work with Mark Lamb and Sudhu Arumugum, who founded the crypto exchange Coinflex. They will try to raise about $25 million to restart the failed crypto hedge fund.
