Insiders: The Proof Group, which has previously invested in crypto projects like Aptos and Sui, is involved in planning the relaunch of FTX

2023-11-07 08:08:39
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ChainCatcher news, according to CoinDesk citing informed sources, a Silicon Valley investment firm represented by the Proof Group, as part of the Fahrenheit consortium, has successfully bid for the bankrupt cryptocurrency lending platform Celsius and is now involved in planning the reboot of the former cryptocurrency trading giant FTX.

According to investment bank Perella Weinberg Partners, multiple proposals for a potential reboot of FTX have been narrowed down to one of three shortlisted options. In addition to a possible reboot, other options being considered include selling the entire trading platform along with its 9 million customer list, or bringing in partners. Perella Weinberg partner Kevin Cofsky stated last month that a final decision is expected to be made by mid-December.

The Proof Group is a venture capital investor in several crypto projects, including Aptos, Lightspark, and Sui. Other companies reportedly showing interest in reviving FTX include fintech and digital asset company Figure, which is also part of the NovaWulf group that failed to successfully bid for Celsius. It is reported that venture capital firm Tribe Capital has also submitted a bid for FTX.

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