FTX Bankruptcy: No Buyers to Reboot Exchange; Lawyers Expect Repayment to Creditors Despite Horrible Deals Under Bankman-Fried
• FTX bankruptcy lawyers say exchange won't be rebooted due to lack of buyer interest
• However, FTX expects to fully repay all allowed customers and general unsecured creditors
• FTX calling acquisition of LedgerX "horrible investment" sold at fraction of purchase price
• No investors ready to commit capital needed to restart offshore FTX exchange
• FTX lawyers say exchange "never acquired substance" under failed leadership of Sam Bankman-Fried