Posted 11/6/2023, 5:03:00 PM
FTX Bidders Narrowed to Shortlist Including Proof Group as Complex Relaunch Looms
- Proof Group, part of Celsius bidder Fahrenheit, is in running to relaunch FTX
- FTX collapsed last year, sending shockwaves through crypto industry
- FTX received multiple bids, now narrowed to shortlist of 3
- Options include selling FTX and its 9M customer list, or bringing in partner
- Decision expected by mid-December
- Proof Group invests in crypto projects like Aptos, Lightspark, Sui
- Figure, Tribe Capital also reported to have bid for FTX
- FTX restart would have to deal with claims, token lockups, compliance
- Voyager case shows how tricky crypto reboot plans can be