John Ray, the new CEO of cryptocurrency exchange FTX, has said he is shuffling the possibility of restarting the bankruptcy exchange, The Wall Street Journal has reported.
Ray has said that a specially created working group is studying whether reactivating FTX.com could create more value for users compared to liquidating the platform's assets.
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The platform's native token, FTT, has reacted positively to the news with a 30% increase, at times topping $2.6.
Recall that FTX Group filed for Chapter 11 bankruptcy in November and Sam Bankman-Fried, who resigned as CEO of the company, was replaced by John Ray III.
A few days ago it was reported that around 117 potential buyers are interested in acquiring divisions of bankrupt cryptocurrency exchange FTX.